Clip Money Inc. Reports Third Quarter 2024 Results, Record Revenue Growth

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Clip Money Inc. Reports Third Quarter 2024 Results, Record Revenue Growth - GlobeNewswire

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TORONTO, Nov.18, 2024 (GLOBE NEWSWIRE) -- 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 its financial results for the three and nine-months ended September 30, 2024.

With this momentum building, we’re confident that our performance will carry through Q4, positioning us for continued strong results as we close out the year.” Joseph Arrage (CEO & Co-Founder) Additional Information The Company’s interim condensed consolidated financial statements, notes to financial statements, and management’s discussion and analysis for the three and nine-months ended September 30, 2024 are available on the Company’s SEDAR+ profile at Unless otherwise indicated, all references to "$” in this press release refer to U.S.dollars.

"The ramp-up from August to September was solid, with revenue growth accelerating by over 34% month-over-month, driven by an increase in deposit users from existing and new customers, and growth from our newer products like Clip Change Orders and ATMs.