03:47:45 EST Tue 09 Dec 2025
Enter Symbol
or Name
USA
CA



Clip Money Inc
Symbol CLIP
Shares Issued 105,380,861
Close 2025-12-08 C$ 0.20
Market Cap C$ 21,076,172
Recent Sedar Documents

Clip Money expands Centennial partnership for deposits

2025-12-08 17:55 ET - News Release

Mr. Joseph Arrage reports

CLIP MONEY INC. ANNOUNCES EXPANDED PARTNERSHIP WITH CENTENNIAL DELIVERING CASH MANAGEMENT SOLUTIONS TO 1600+ RETAILERS

Clip Money Inc. has expanded a portfolio partnership with Centennial, a leading retail and mixed-use real estate operator with over 35 properties in the United States. Through this collaboration, more than a dozen Centennial locations will now host ClipDrops, a commercial cash deposit solution for use by Centennial tenants, providing over 1,600 retail and restaurant tenants with an on-site alternative to traditional bank deposits.

This partnership marks a significant milestone in Clip's mission to modernize and simplify cash handling for retailers across North America. With the addition of Centennial's centres, Clip's mall network now exceeds 500 shopping centres, supported by a deposit ecosystem of 8,000-plus locations spanning malls and big-box retailers.

Retailers continue to feel the effects of widespread bank branch closures, reduced branch hours and rising demands on staff time. ClipDrop directly addresses those pressure points by offering retailers an indoor, on-property deposit option available during extended retail hours eliminating the need for staff to leave the shopping centre. Clip's platform allows retailers to track deposits digitally in real time, access next-business-day credit to any bank account and reduce time spent on manual cash-handling tasks.

"At Centennial, we are always looking for ways to support our retailers and growing our relationship with Clip Money aims to reduce friction with retailer cash deposits, saving them time and money, while letting their employees focus on retailing," said Bil Ingraham, executive vice-president, business development and revenue.

This expansion arrives just in time for the holiday season, when cash volumes increase and operational demands intensify. Retailers face heavier transaction loads and greater pressure to safeguard cash. This makes dependable, trackable deposit solutions even more valuable to retailers and their head office leadership.

"Retailers today are being asked to do more with fewer resources, especially as bank branches continue to close at a rapid pace," said Joseph Arrage, chief executive officer of Clip. "By installing ClipDrop across their centres, Centennial is removing a major pain point for store teams and giving them a more accessible way to handle cash deposits right where they operate. It's the kind of forward-thinking support that helps retailers focus on exceptional customer service."

About Clip Money Inc.

Clip operates a multibank self-service deposit system for businesses through the Clip Money network 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, ClipATM or ClipCenter 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, premium customer support, an intuitive digital platform 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 nationwide areas across the United States and Canada.

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