Canadian company Clip Money raises $2.8M in private placement, led by PeoplesBank and Cardtronics.

Clip Money, a Canadian company that provides a multi-bank self-service deposit system for businesses, has raised $2.8 million through a private placement of unsecured convertible notes. The investment was led by PeoplesBank, contributing $2 million, with Cardtronics, a subsidiary of NCR Atleos Corporation and Clip Money's largest shareholder, investing $800,000. The funds will support network expansion, customer acquisition, and overall business operations.

September 17, 2024
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