Clip Money
Clip Money operates North America's largest non-bank business cash deposit network, spanning 8,100+ locations (smart safes in malls, cardless ATMs at pharmacies, and over-the-counter counters at big-box retailers). It serves multi-location retail, restaurant, franchise, and healthcare businesses with pay-per-use deposits, next-business-day credit, and the Cashboard multi-location cash management platform.
- Company typePublic
- Founded2017
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Clip Money does
Clip Money Inc. is a Toronto-headquartered, TSX Venture Exchange (CLIP) and OTCQB (CLPMF) listed fintech that operates the largest non-bank business cash deposit network in North America, spanning 8,100+ locations through three modalities: ClipDrop smart safes in 500+ shopping malls, ClipATM cardless deposit terminals at Walgreens and CVS, and ClipCenter over-the-counter deposit counters at 4,000+ big-box retailers via the GreenDot embedded finance partnership. The platform is the only multi-bank cash deposit system for businesses in North America, enabling deposits to credit any business bank account within one business day with full insurance coverage. Underlying technology includes SOC 2 Type I-certified multi-bank settlement APIs, RFID-tracked deposit bags, ATM cash recycling, and the Cashboard digital platform for real-time multi-location cash tracking, reporting, and employee management.
The company generates revenue primarily through per-deposit transaction fees from a pay-per-use pricing model with no monthly fees, no long-term contracts, and no minimums. ClipChange (change order delivery launched in 2024) and one-time implementation fees for enterprise deployments are secondary revenue streams, collectively contributing 13% of Q2 2025 revenue. The go-to-market combines direct enterprise sales targeting multi-location retail, restaurant, franchise, and healthcare chains; channel partnerships with mall operators (Centennial, Simons Malls, Brookfield, Tanger), pharmacy chains (Walgreens, CVS), and big-box retailers; financial institution origination partnerships with banks and credit unions; and embedded finance integration via GreenDot's Arc platform. Major enterprise customers include Claire's (~800 stores), Lids (367 stores), IRMG (165 restaurant locations), and Miss A (19 locations).
Clip Money is led by co-founder and CEO Joseph Arrage (former SVP of Cardtronics Canada), President Brian Bailey (former EVP at Cardtronics plc), and CFO Andrew Tussing (former SVP/Regional CFO at Cardtronics). Cardtronics (an NCR Atleos subsidiary) is Clip's largest shareholder with approximately $15 million invested across multiple rounds from 2023 to 2025. FY2025 revenue reached $5.74 million (up 143% YoY) with 4,438 active customer locations (up 77% YoY) and a 99% customer retention rate, though the company remains unprofitable with a net loss of $9.07 million.
Clip Money firmographics
Firmographics- Name
- Clip Money
- Legal name
- Clip Money Inc.
- Website
- https://clipmoney.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Clip Money operates North America's largest non-bank business cash deposit network, spanning 8,100+ locations (smart safes in malls, cardless ATMs at pharmacies, and over-the-counter counters at big-box retailers). It serves multi-location retail, restaurant, franchise, and healthcare businesses with pay-per-use deposits, next-business-day credit, and the Cashboard multi-location cash management platform.
- Ownership category
- akta.pro rank
Clip Money industry classification
Industry- Product category
- Business Cash Management Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Cash & Coin Processing / Cash Centers (FSAMAOAF)
- akta.pro secondary industries
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Corporate Treasury & Supplier Payments (AP, Mass Payments) (FSAMAKAL), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
Keywords
Where Clip Money is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Clip Money business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain, Infrastructure
Revenue model
- Cash Deposit Transaction Fees: Clip Money charges businesses a per-deposit fee for using its network of ClipDrop, ClipATM, and ClipCenter locations. The pay-per-use model means revenue scales with deposit volume and active customer locations. Q1 2026 data shows 4,493 active customer locations, up 67% YoY.
- Change Order Delivery (ClipChange): ClipMoney generates revenue from delivering bundled notes and coins to retail locations. Revenue from new products including ClipChange contributed 13% of Q2 2025 total revenue and 12% of Q3 2025 revenue. Over 8,000 change orders have been delivered since the product's 2024 launch.
- Implementation and Onboarding Fees: One-time implementation fees are charged for enterprise deployments, contributing to Q2 2025 revenue alongside recurring deposit fees. New products (change orders + implementation fees) accounted for 13% of Q2 2025 revenue vs. 7% in Q2 2024.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Pay-per-use deposit model — no monthly fees, no minimum deposits, no long-term contracts |
Go-to-market motion3 records
Distribution channels8 records
Marketing channels9 records
Clip Money product offering
Product offeringCore offering
Clip Money operates North America's largest non-bank business cash deposit network, offering multi-channel self-service cash deposit infrastructure (ClipDrop smart safes in malls, ClipATM cardless terminals at pharmacies, ClipCenter over-the-counter counters at big-box retail via GreenDot) and change order delivery (ClipChange) for multi-location businesses. The Cashboard digital platform unifies real-time tracking, employee and store-level reporting, and next-business-day credit to any business bank account, eliminating the need for bank runs, armored pickup, or in-branch deposits.
Product overview
Clip Money operates a multi-bank self-service deposit system for businesses across North America, comprising four core deposit products (ClipDrop, ClipATM, ClipCenter), a change order delivery service (ClipChange), and a digital management platform (Cashboard). The network spans 8,100+ deposit locations in malls, pharmacies, and big-box retailers, enabling businesses to deposit cash without visiting bank branches or using armored pickup services. The Cashboard platform unifies transaction tracking, reporting, and employee management across all deposit channels, while the Clip App provides mobile access for consumers and small businesses.
Differentiator
Problem solved
Functional benefit
Brands
- ClipDrop: Self-service smart safes located in shopping malls for store employee cash deposits
- ClipATM
- ClipCenter
- ClipChange
- Cashboard
Products and services
- ClipDrop Self-service smart safe located in shopping malls that enables store employees to make cash deposits on-site without a bank card, eliminating the need to visit bank branches. Features cardless employee access, RFID deposit bag tracking, and automated cash reconciliation. Available through host mall operators including Centennial, Simons Malls, Brookfield, and Tanger.
- ClipATM for Business ATM-enabled business deposit terminal located at partner retail locations including Walgreens and CVS Pharmacy, supporting any bank account with cardless employee access. Enables business cash deposits outside bank branch hours.
- ClipCenter Full-service, in-person deposit counter at over 4,000 big-box retail locations, launched via the GreenDot partnership using GreenDot's Arc embedded finance platform and money movement network. Provides over-the-counter cash deposit services for businesses through embedded finance infrastructure.
- ClipChange Change order delivery service providing pre-packaged bank notes and coins delivered directly to store locations, typically within 3 business days, eliminating bank runs for making change. Over 8,000 change orders have been delivered since the product's 2024 launch.
- Cashboard Centralized digital cash management platform providing real-time tracking of deposits, change orders, employee activity, and store-level cash data across all locations and deposit channels. Supports filtering, reporting, and export for multi-location corporate oversight, and supports full brand theming for financial institution partners.
Quantifiable outcome
- Up to 60% reduction in cash management costs per store location
- +9 more outcomes
Companies that use Clip Money
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Clip Money technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Clip Money partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Centennial (Retail and Mixed-Use Real Estate Operator)coreCentennial, a leading retail and mixed-use real estate operator with over 35 properties in the United States, hosts ClipDrop smart safe units across more than a dozen Centennial locations. The expanded partnership serves over 1,600 retail and restaurant tenants with on-site cash deposit solutions, growing Clip's mall network to exceed 500 shopping centers.
- Claire'scoreClaire's, a national jewelry and accessories retailer with nearly 800 stores, partnered with Clip Money for cash deposit services across its entire U.S. store fleet following Claire's acquisition by Ames Watson. The partnership was deployed in under three weeks, covering ClipDrop, ClipATM, and ClipCenter channels plus ClipChange.
- GreenDot Corp.coreClip Money partnered with GreenDot Corp. to add in-person deposit services at over 4,000 additional prominent national, retail locations. The partnership utilizes GreenDot's embedded finance platform (Arc) and money movement network (GreenDot Network) combined with Clip Money's cash deposit technology platform, creating ClipCenter — an over-the-counter deposit service at participating big-box retail stores.
- Simons MallsminorClip Money has a high-value, exclusive location agreement with Simons Malls, one of the major retail mall operators in North America, as part of its mall network strategy. Simons Malls is cited alongside Brookfield, Tanger, and other major mall operators as key retail partners hosting Clip's deposit network.
- BrookfieldminorBrookfield is cited as one of Clip Money's key retail real estate partners with exclusive location agreements for hosting ClipDrop smart safe units in Brookfield-managed shopping centers across North America.
- TangerminorTanger is listed as one of Clip Money's key retail real estate partners with high-value, exclusive location agreements for Clip's deposit network across Tanger's outlet mall properties in North America.
Scale indicators15 records
Recent moves10 records
Expansion highlights6 records
Clip Money competitors and assessment
Company assessmentBroad incumbents
- NCR Atleos (formerly NCR Corporation): Global ATM and cash handling infrastructure provider and Clip's largest shareholder/strategic partner. NCR Atleos operates a much broader portfolio of banking hardware, software, and services; its cash deposit API is integrated with Clip. Comparable as both a partner and a potential competitor in business cash deposit infrastructure.
- Brink's Company: Global leader in cash management services including armored pickup, smart safes, and cash logistics. Brink's is one of the incumbent providers Clip directly displaces with its pay-per-use deposit model. Comparable as a competing solution for business cash management, with a much larger installed base and global footprint.
- Loomis (Loomis AB): International provider of cash handling, armored transport, and cash management services with operations in the US, Europe, and elsewhere. Loomis competes with Clip in the business cash deposit and logistics market, particularly for multi-location retailers, but with a traditional services model rather than Clip's distributed self-service network.
- GardaWorld (Cash Logistics): Canadian-based global security and cash services company offering armored transport, cash vaulting, and ATM services. Competes with Clip in business cash handling but with a traditional physical infrastructure model. Both companies have Canadian roots, though GardaWorld's operations are vastly larger.
- Bank of America Merchant Services: Major US commercial bank offering business cash management, treasury, and deposit services to enterprise customers. Competes with Clip at the high end for large multi-location businesses that maintain primary banking relationships, though Clip serves as a complement or alternative for businesses seeking non-branch deposit access.
Direct peers
- Green Dot Corporation: Embedded finance and banking-as-a-service platform whose Arc platform powers ClipCenter over-the-counter deposits at 4,000+ big-box retail locations. Both companies compete for embedded finance and retail cash handling; GreenDot serves as Clip's distribution partner while also offering competing deposit services to retail customers.
- Sesami Cash Management Technologies: Provider of smart safe and cash management solutions for retail and restaurant chains. Closely comparable to Clip in target market (multi-location retail/QSR) and product category (smart safes, cash visibility, deposit automation). Sesami represents the legacy hardware-based solution Clip competes against with its distributed network model.
Others
- Armored Car Services / Local CIT providers: Regional cash-in-transit and armored pickup providers (e.g., Loomis, Brink's regional franchises, Davis & Dyer, East Coast Cash). These are the legacy incumbent service providers that Clip's pay-per-use network directly displaces for multi-location retail and restaurant customers seeking lower-cost deposit alternatives.
Regional players
- Walmart Money Services (Walmart Inc.): Operates Money Centers inside Walmart stores offering check cashing, money orders, and cash deposit services. Clip distributes through Walmart Money Centers as one channel; comparable as a competing in-retail cash services offering for SMB and consumer customers, though Walmart's deposit services are broader in scope.
Emerging players
- InComm Payments: Provider of prepaid cards, gift cards, and cash-based financial services through retail networks. Comparable to Clip in its use of retail partner locations for financial service delivery, with partial overlap in cash handling and embedded retail deposit services, though InComm's primary focus is prepaid and gift card products.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key highlights7 records
Customer concentration
Clip Money social profiles
Digital presenceClip Money compliance and trust
Trust signalCompliance4 records
Clip Money financial estimates
Financial estimateRevenue estimate
Valuation estimate
Clip Money leadership team
Management profileNumber of profiles
Profiles6 records
Clip Money subsidiaries and ownership
Company hierarchySubsidiaries1 record
Clip Money funding detail
Funding detailFunding overview
Funding rounds10 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Clip Money M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Clip Money
What does Clip Money do?
Clip Money operates North America's largest non-bank business cash deposit network, offering multi-channel self-service cash deposit infrastructure (ClipDrop smart safes in malls, ClipATM cardless terminals at pharmacies, ClipCenter over-the-counter counters at big-box retail via GreenDot) and change order delivery (ClipChange) for multi-location businesses. The Cashboard digital platform unifies real-time tracking, employee and store-level reporting, and next-business-day credit to any business bank account, eliminating the need for bank runs, armored pickup, or in-branch deposits.
Is Clip Money a public or private company?
Clip Money is a public company. It is classified as public and is currently operating.
When was Clip Money founded?
Clip Money was founded in 2017. It employs 11 to 50 people.
Where is Clip Money based?
Clip Money is headquartered in Toronto, Canada, in the North America region.
How does Clip Money make money?
Three revenue lines are on record. Cash Deposit Transaction Fees are the primary driver. The others are change Order Delivery (ClipChange) and implementation and Onboarding Fees.
Who are Clip Money's main competitors?
Broad incumbents on record are NCR Atleos (formerly NCR Corporation), Brink's Company, Loomis (Loomis AB), GardaWorld (Cash Logistics) and Bank of America Merchant Services. Direct peers are Green Dot Corporation and Sesami Cash Management Technologies. Armored Car Services / Local CIT providers is listed as an others. Walmart Money Services (Walmart Inc.) is listed as a regional player. InComm Payments is listed as an emerging player.
Does Clip Money have an API?
No public API is recorded for Clip Money.
What industry is Clip Money in?
Clip Money's product category is Business Cash Management Services. Its primary akta.pro industry code is FSAMAOAF, Cash & Coin Processing / Cash Centers, with a secondary code of FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets). Its NAICS code is 52232 and its SIC code is 6199.