Clip Money
Financials
Estimates*
CAD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | <1m | <1m | - |
% growth | - | 1386 % | - |
EBITDA | (4.2m) | (11.5m) | (8.6m) |
% EBITDA margin | (174326 %) | (31953 %) | - |
Profit | (5.5m) | (15.8m) | (12.7m) |
% profit margin | (226565 %) | (43868 %) | - |
EV / revenue | - | 1133.6x | - |
EV / EBITDA | - | -3.5x | -4.2x |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $150k | Seed | |
* | N/A | N/A | IPO |
* | N/A | CAD3.0m | Private Placement VC |
* | N/A | CAD4.0m | Private Placement VC |
* | N/A | CAD3.4m | Private Placement VC |
* | N/A | $6.1m | Post IPO Convertible |
* | N/A | $4.9m | Post IPO Equity |
* | N/A | Post IPO Equity | |
* | CAD500k | Post IPO Debt | |
* | $2.8m | Post IPO Convertible | |
Total Funding | $7.8m |
Recent News about Clip Money
EditClipMoney operates in the financial technology sector, providing innovative cash deposit solutions for businesses. The company serves small and medium-sized enterprises (SMEs) and larger retailers, offering a convenient alternative to traditional banking methods. ClipMoney's core product, ClipDrop, allows businesses to make cash deposits at various locations such as grocery stores, gas stations, and large retailers, eliminating the need to visit a bank or ATM. These deposits are processed almost instantly, with credit issued in minutes and high daily limits up to $10,000. The business model revolves around transaction fees, which are shared with participating retailers, providing them with an additional revenue stream. ClipMoney also offers comprehensive web dashboards for businesses to manage deposits, assign staff roles, and receive instant notifications. The company leverages Brinks processing centers to ensure maximum security and auditing of deposits. By integrating cash banking into retail locations, ClipMoney drives foot traffic and increases customer loyalty for its partners.
Keywords: fintech, cash deposits, SMEs, instant credit, high limits, transaction fees, retail integration, web dashboards, Brinks security, customer loyalty.