Clip Money Inc. Reports First Quarter 2023 Results
TORONTO, May 30, 2023 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip Money” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce its financial results for the three months ended March 31, 2023.
- TORONTO, May 30, 2023 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip Money” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce its financial results for the three months ended March 31, 2023.
- The majority of Clip users are enterprise businesses who have in excess of 50 store locations, creating immediate scale opportunity for Clip.
- Clip Money’s current network can service up to 600 of these retailer stores, and as more locations are added in 2023, Clip can grow with these retailers and serve more of their locations.
- In the quarter, Clip users accounted for over 4800 deposit transactions totaling over $3.58M USD in Gross Deposit Value (“GDV”).