Clip Money Inc. Reports 225% Revenue Growth in Q1 2025, Achieves Strategic Milestone with Green Dot Partnership

Reuters
05-23
<a href="https://laohu8.com/S/CLPMF">Clip Money Inc.</a> Reports 225% Revenue Growth in Q1 2025, Achieves Strategic Milestone with <a href="https://laohu8.com/S/GDOT">Green Dot</a> Partnership

Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) reported significant revenue growth for the first quarter of 2025, with revenues reaching $972,706, marking a 225% increase from the $299,176 reported in the same period of 2024. This growth continues to outpace the increase in Costs of Revenue $(COR)$, which rose by 35% year-over-year to $1,009,557. The company noted a 16% decline in revenue quarter-over-quarter from the fourth quarter of 2024, attributed to Q4 seasonality during the holiday shopping period. However, when excluding the seasonal impact, revenue exhibited an 11% quarter-over-quarter growth. In a strategic update, Clip Money highlighted its recent partnership with Green Dot, which is set to expand its network by adding over 4,000 over-the-counter deposit locations at major big-box retail stores. This expansion aims to bolster the scale, convenience, and capacity of the Clip Network, enhancing its value proposition to financial institutions, fintechs, and businesses nationwide.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clip Money, Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9457220-en) on May 23, 2025, and is solely responsible for the information contained therein.

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