10:56 AM EST, 01/30/2025 (MT Newswires) -- Clip Money ( CLPMF ) was up near 9% on last look Thursday amid news it is expanding its over-the-counter deposit service for businesses through Green Dot Network locations.

Utilizing Green Dot's embedded finance platform (Arc) and money movement network (the Green Dot Network) and Clip Money's ( CLPMF ) cash deposit technology platform, the partnership between the two companies will offer businesses a more convenient and efficient way to handle cash deposits at prominent national retail and grocery locations, a statement said.

Green Dot, in collaboration with its retail partners, will enable Clip Money's ( CLPMF ) over-the-counter cash deposit service at more than 4,000 locations across the U.S. to facilitate easier deposits for businesses. Local area business owners will now be able to visit retail locations in the Green Dot Network to deposit cash directly into their existing bank account, supported by the Clip Money ( CLPMF ) network, without having to visit a traditional bank branch during banking hours.

"Achieving our mission to build the largest and most convenient business deposit network in the U.S. marks a significant milestone," said Joe Arrage, CEO of Clip Money ( CLPMF ). "We are excited to partner with Green Dot on this transformative collaboration, which delivers an essential service that empowers businesses to reduce operating costs and dedicate more time to their customers. This partnership strengthens our value proposition for financial institutions and fintechs seeking to better service the small and medium-sized business market by partnering with Clip Money ( CLPMF )."

Clip Money ( CLPMF ) was last seen up $0.02, to $0.245, on the TSX Venture Exchange.

Price: 0.25, Change: +0.02, Percent Change: +8.89