Miss A Partners with Clip Money for a Cash Management Makeover
22 February 2024 - 12:00AM
Clip Money, Inc. (“Clip”) (TSXV:CLIP) (OTCQB:CLPMF), a leading
fintech company that brings modern cash management services to
businesses, announces its partnership with Miss A, a rapidly
growing beauty essentials retailer.
Miss A has established itself as a preferred
destination for beauty enthusiasts seeking on-trend products at
affordable prices, with 26 locations across the US. To drive down
its operating costs, they chose Clip as a reliable cash deposit
service, enabled by technology and the Clip deposit network,
located near their stores.
Miss A demonstrated its commitment to innovation
early, starting in July 2023 with 3 ClipDrop locations. They were
among the first to adopt Clip’s new Change Order feature in October
2023, further solidifying the partnership. This early success led
to the addition of 3 new Miss A locations to the Clip network in
the same month, with further expansion planned throughout 2024.
"We are thrilled to partner with a fast growing
retailer like Miss A and provide them with our innovative cash
management solutions," said Joseph Arrage, CEO of Clip. "By
automating cash management processes, tracking every deposit, and
ultimately optimizing cash flow, I am confident our solution will
support Miss A’s accounting, operations, and loss prevention
objectives and enable a great experience for all Miss A associates.
We look forward to being a part of their existing and upcoming
store launches as their preferred cash management solution.”
Clip’s cash management solutions empower
businesses like Miss A to streamline their cash deposit process
through digitization and automation. Clip supports fast and
convenient deposits for any retailer into any bank account through
their deposit network located at leading shopping malls, big box
retailers and other convenient locations. Store employees perform
transactions through an intuitive user interface, while back-office
operations benefit from transparency and simplicity. Additionally,
Clip customers receive next-business-day credit for deposits,
improving cash flow – a critical advantage for today’s
retailers.
Lan Yan, VP of Retail, explains why they value
using Clip: "Clip provides an innovative approach to cash
management for businesses that are left with very limited and
antiquated options. The immediate impact of cost savings per
location compared to armored pick-up service demonstrates that we
made a move in the right direction depositing in Clip's network. We
plan to continue expanding while Clip’s network grows across the US
in order to strategically address our focus to reduce operating
costs."
To learn more, please visit www.clipmoney.com,
and for a full list of locations, visit
https://clipmoney.com/locations.
About Clip Money Inc.
Clip Money operates a multi-bank self-service
deposit system for businesses through its ClipDrop Boxes and ATMs
that provides businesses with the capability of making deposits
outside of their bank branch. Deposits can be made at top retailers
and shopping malls rather than having to go to a local bank branch
or using a cash pickup service. Clips conveniently located
ClipDrops or Clip enabled ATMs serve as cash deposit locations,
facilitating next business day credit into a business account. Clip
combines functional hardware, an intuitive user app and an
innovative cloud-based transaction engine that efficiently
processes business banking transactions. Clip Money offers a
cost-effective and convenient solution for business banking
deposits across major markets in Canada and the United States. For
more information about the Company, visit www.clipmoney.com.
Website: www.clipmoney.com
Twitter: @clipmoneyinc
LinkedIn:
https://www.linkedin.com/company/clipmoney
For further information, please contact:
Joseph ArrageChief Executive Officertel:
844-593-2547
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