Strong Q4 Growth for Cash Deposit Solution Disrupter

Strong Q4 Growth for Cash Deposit Solution Disrupter

By: Tomas Ronolski - News

Thursday, January 19, 2023

This company’s cash deposit solution is seeing rapid adoption following a successful launch of a first-to-market multi bank cash deposit network, with locations in high-density retail malls—and is planning further growth in 2023.

The revolutionary cash deposit solution Clip Money, Inc. (TSXV:CLIP) announced the acceleration of network growth in 2023 in its press release today. CLIP brings convenient, cost-effective financial services to retailers. 

With a bank-agnostic network, ClipDrop allows businesses to make deposits to any existing bank account in convenient, accessible locations. Customers can also use an app to manage their cash, assign employees to perform deposit transactions, track transaction history, and collect cash and payment analytics. 

Joseph Arrage, Clip founder and CEO said, “Clip deposit adoption in the US is growing at a rapid rate and it’s incredibly satisfying to see so many American businesses save time, money, and improve their cash flow through our novel solution.” 

Shares were trading at $0.45 in morning trade. 

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