01:27 PM EST, 12/18/2024 (MT Newswires) -- Clip Money ( CLPMF ) was up 16% on last look as the fintech company on Wednesday said it partnered with quick-service restaurant group International Restaurant Management Group (IRMG).

IRMG, which has a portfolio of over 200 restaurants, including brands such as Starbucks, Burger King and Popeyes, has been trialling Clip in over 50 locations. Dozens more are in the process of being added.

The Clip network enables any business to make deposits to any existing bank account via ClipDrop or ClipATM. Deposits, which can be made at any time during store hours by designated employees, are immediately credited to the business' bank accounts. Clip customers can also manage the full cash-handling process through the Clip Cashboard, including facilitating cash deposits and change orders, assigning employees to perform deposit transactions, and tracking transaction history.

Clip deposit locations are currently available in 3,000 locations across 34 U.S. states.

The company's shares was last seen up $0.04 to $0.29 on the TSX Venture Exchange.

Price: 0.29, Change: +0.04, Percent Change: +16.00