Clip Money Inc. Announces Debt And Equity Financings Totalling Us$11,000,000 With A Lead Strategic Investor
Round Type
Venture
TorontoFinancial ServicesFinanceFintechLendingBankingDescription
Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) (“Clip Money” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce a non-brokered private placement of common shares in the capital of the Company (the “Common Shares ”) at a price of CDN$0.23 per Common Share (the “Equity Price”) for gross proceeds of approximately US$4,900,000 (the “Equity Financing”). The Equity Price was reserved with the TSX Venture Exchange on September 5, 2023. Separately, Clip is also pleased to announce a non-brokered private placement of secured convertible notes of the Company for gross proceeds of US$6,100,000 (the “Convertible Notes Financing”, together with the Equity Financing, the “Financings”)
Quick answer
Clip Money raised an undisclosed amount in a funding round, dated September 12, 2023. Clip Money is based in Toronto, Ontario, Canada.
- How much did Clip Money raise?
- Clip Money raised an undisclosed amount in a funding round on September 12, 2023.
- What does Clip Money do?
- Clip operates a multi-bank self-service deposit system for businesses through its ClipDrop Boxes that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls.
- Where is Clip Money based and how big is it?
- Clip Money is based in Toronto, Ontario, Canada.
- Who are the decision-makers at Clip Money?
- Fundz holds 1 contact at Clip Money, including the Executive Officer, Director. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Clip Money that raised within 45 days of this round, from Fundz verified event records.
- Tradeteq raised $13M (Funding Round) on September 8, 2023.
- R&T Deposit Solutions raised an undisclosed amount (Corporate Round) on September 7, 2023.
- ZSuite Technologies, Inc. raised $3.2M (Series A) on October 11, 2023.
- Untangled Finance raised $14M (Funding Round) on October 11, 2023.
- Beeline Holdings raised $6.5M on September 29, 2023.
- Curve raised $72M (Series C) on September 21, 2023.
Who to call at Clip Money, and when
A new round usually means Clip Money is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Clip Money raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Clip Money, from your own LinkedIn network
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Related People
Clip Money raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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