About Clip Money
Clip Money is a company based in Toronto (Canada) founded in 2018 by Daren Trousdell and Joe Arrage.. Clip Money operates in a competitive market with competitors including Electronic Payment and Services, NCR Atleos, Esq, SOCASH and TMS Global Software, among others.
- Headquarter Toronto, Canada
- Founders Daren Trousdell, Joe Arrage
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Clip Money Inc.
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Annual Revenue
$2.24 M (USD)314.55as on Dec 31, 2024
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Net Profit
$-8.89 M (USD)-1.74as on Dec 31, 2024
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EBITDA
$-5.54 M (USD)7.05as on Dec 31, 2024
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Latest Funding Round
$3 M (USD), Post-IPO
Jul 18, 2025
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Investors
NCR
& 2 more
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Employee Count
Employee Count
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IPO & Listings of Clip Money
Clip Money is a publicly listed company on the TSXV with ticker symbol CLIP in Canada, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Clip Money
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $3.0M
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First Round
First Round
(13 Dec 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Post-IPO - Clip Money | Valuation |
investors |
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| Sep, 2024 | Amount | Post-IPO - Clip Money | Valuation |
investors |
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| Sep, 2023 | Amount | Post-IPO - Clip Money | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Clip Money
Clip Money has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include NCR, NCR Atleos and PeoplesBank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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PeoplesBank is recognized as a provider of personal and business banking services.
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Founded Year | Domain | Location | |
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ATM networks and services are provided for financial institutions.
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Founded Year | Domain | Location | |
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Banking software suites are provided for financial institutions and banks.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Clip Money
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Clip Money
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Clip Money Comparisons
Competitors of Clip Money
Clip Money operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Electronic Payment and Services, NCR Atleos, Esq, SOCASH and TMS Global Software, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of ATM outsourcing, digital payment, and platform solutions to banks
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| domain | founded_year | HQ Location |
ATM management solutions are offered to financial institutions.
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| domain | founded_year | HQ Location |
Offers data-driven ATM monitoring, management, and analytics for global financial providers.
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| domain | founded_year | HQ Location |
Cash withdrawals are enabled through a mobile app platform.
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| domain | founded_year | HQ Location |
Cloud-based ATM monitoring solutions are provided for financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Clip Money
Frequently Asked Questions about Clip Money
When was Clip Money founded?
Clip Money was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Clip Money located?
Clip Money is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What is the annual revenue of Clip Money?
Annual revenue of Clip Money is $2.24M as on Dec 31, 2024.
What does Clip Money do?
Provider of alternative cash deposit solutions. It enables consumers to deposit cash in their respective bank accounts at gas stations, grocery stores, convenience stores, partnered merchant outlets, and more. It also provides solutions to merchants for adding cash banking in stores. It offers an app-based platform for finding the cash deposit outlet. The app is available on iOS stores.
Who are the top competitors of Clip Money?
Clip Money's top competitors include Electronic Payment and Services, NCR Atleos and SOCASH.
Is Clip Money publicly traded?
Yes, Clip Money is publicly traded on TSXV under the ticker symbol CLIP.
Who are Clip Money's investors?
Clip Money has 3 investors. Key investors include NCR, NCR Atleos, and PeoplesBank.
What is Clip Money's ticker symbol?
The ticker symbol of Clip Money is CLIP on TSXV.
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