Fundz

Clip Money Inc. Announces New Convertible Note Financing

PRIVATEMar 28, 2023

Round Type

Convertible Note

TorontoFinancial ServicesFinanceFintechLendingBanking

Description

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 that it has modified the structure of its previously announced non-brokered private placement of units, as described in its press release on February 22, 2023. The modified private placement (the “New Offering”) will be for note units of the Company (the “Note Units”) at a price of $1,000 per Note Unit for gross proceeds of up to CAD$1,000,000 (the “Offering Size”). The Offering Size may be increased at the discretion of the Company and upon TSXV approval

Quick answer

Clip Money raised an undisclosed amount in a Convertible Note round, dated March 28, 2023. Clip Money is based in Toronto, Ontario, Canada.

How much did Clip Money raise?
Clip Money raised an undisclosed amount in a Convertible Note round on March 28, 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.

  • Natech raised an undisclosed amount (Funding Round) on March 13, 2023.
  • Montecito Medical Real Estate raised $50M (Funding Round) on February 21, 2023.
  • Taurus raised $65M (Funding Round) on February 14, 2023.
  • Hello Alice raised $3.6M (Seed) on May 8, 2023.
  • Setscale raised $70M (Seed) on May 4, 2023.
  • Kapital raised $19M on May 3, 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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Company Information

Company

Clip Money

Location

3400 - 333 Bay Street

Toronto, Ontario, Canada

About

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. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box located near them. After being deposited, the funds will automatically be credited to the business’ bank account, usually within one business day. The Company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business-banking transactions. Combined with mobile user applications, Clip offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States. For more information about the Company, visit www.clipmoney.com. For further information, please contact: Joseph ArrageChief Executive Officertel: 844-593-2547

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Related People

1 contact
Verified contactsJoseph A., Executive Officer, Director hiddenSee plans and pricing
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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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