Skip to main content

Clip Money Rolls Out Cash Deposit Solution at Select BentallGreenOak Retail Properties Across Canada

Written by Customer Service on . Posted in Public Companies.

Clip – BentallGreenOak Partnership

Clip Money brings convenient financial services to BGO properties.
Clip Money brings convenient financial services to BGO properties.

BOSTON, Oct. 05, 2022 (GLOBE NEWSWIRE) — Clip Money, Inc. (“Clip”) (TSXV:CLIP)(OTCQB:CLPMF), a first-to-market cash deposit solution that brings convenient, cost-effective financial services to business customers, announced a partnership agreement with BentallGreenOak (BGO) for select retail properties in Canada.

As part of the agreement, Clip Money has set up a network of ClipDrops, which are free-standing, secure, self-service boxes located in malls and at large retailers where business customers can quickly and safely deposit cash revenue. ClipDrops are currently located at Canadian mall locations within BGO-managed properties including:

  • The Tenor (10 Dundas), Toronto, Ontario
  • The Pen Centre, St. Catharines, Ontario
  • White Oaks Mall, London, Ontario
  • Village Green, St. Vernon, British Columbia
  • Eglinton Square, Scarborough, Ontario
  • Scottsdale Centre, Delta, British Columbia

“We are pleased to partner with BGO and offer their valued retail tenants the opportunity to save time and money with our technology-driven banking solutions,” said Joseph Arrage, Clip founder and CEO. “Cash deposits don’t have to be expensive and inconvenient for small and mid-sized businesses. At Clip, we’re lowering costs, expanding access, and simplifying banking for retail clients all across Canada.”

The Clip solution is bank-agnostic, so businesses can make their everyday deposits to existing bank accounts in more convenient, accessible locations via a ClipDrop. Deposits can be made any time during extended retail hours by designated business employees. Clip customers are provided powerful technology through the ClipApp to manage their cash, assign employees to perform banking transactions, track transaction history, collect analytics, and manage personnel. Customers also receive next business day credit for their deposits which improves cash flow. Existing customers have reported saving hundreds of dollars per month per store in staff costs related to the time it takes to travel and deposit at a bank, a savings which retailers admit is welcomed given current staffing and resource challenges that they are facing.

Arrage continued: “Partnering with a distinguished group like BentallGreenOak marks an important step as we continue to strategically expand the Clip network to a larger base of North American businesses. As such, we have the ability to enable retailers to get cash into their accounts faster and save employees time by eliminating the journey to a traditional bank branch.”

To learn more, please visit www.clipmoney.com, and for a full list of locations, visit https://clipmoney.com/locations

ABOUT CLIP

Clip Money, Inc. (TSXV:CLIP)(OTCQB:CLPMF) is an infrastructure enabled Fintech that provides the fastest and easiest way for businesses to make deposits securely to their current business bank account through a national network of smart drop box locations in malls, big box stores, and grocery chains. Clip Money, Inc. improves the business deposit experience through transformational digital and mobile enabled platform services.

For further information, please contact:

Joseph Arrage
Chief Executive Officer
IR@clipmoney.com
tel: 844-593-2547

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/69c97d4c-4947-44c2-93e7-919df4d9f2fc

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.