TORONTO, Sept. 17, 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 the closing of a non-brokered private placement of unsecured convertible notes (each a “Convertible Note”) of the Company for gross proceeds of US$2,800,000 (the “Financing”). PeoplesBank subscribed for US$2,000,000 of the Financing. In addition to PeoplesBank’s investment, Cardtronics Inc. (“Cardtronics”), a subsidiary of NCR Atleos Corporation, invested US$800,000. Cardtronics is Clip Money’s largest shareholder and also a strategic commercial partner through the NCR Atleos Allpoint ATM network. Cardtronics continued support highlights its confidence in the Clip Money solution and team.
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