Clip Money

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.

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

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

• Business cash deposits
• Cash management services
• Multi-bank deposit network
• Smart safe deposits
• Change order delivery

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion3 records

Distribution channels8 records

Marketing channels9 records

Core 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

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Centennial (Retail and Mixed-Use Real Estate Operator)coreChannel Partner/ Reseller/ Distributor · 8 December 2025Centennial, 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'scoreChannel Partner/ Reseller/ Distributor · 30 September 2025Claire'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.coreTechnology or Integration · 30 January 2025Clip 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 MallsminorChannel Partner/ Reseller/ DistributorClip 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.
• BrookfieldminorChannel Partner/ Reseller/ DistributorBrookfield 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.
• TangerminorChannel Partner/ Reseller/ DistributorTanger 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

Broad 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

• LinkedInlinkedin.com/company/clipmoney

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds10 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Clip Money