Clip Money Quietly Expands Through Green Dot at 4,000 Walmart Locations

Clip Money reported Q2 2025 revenues of $1.3 million, a 248% growth from the previous quarter. The company launched a service through Green Dot at 4,000 Walmart locations in the US, significantly increasing its earnings potential. Clip Money ended the quarter with 483 ClipDrops installed and over 8,500 locations, including ATMs and Walmart stores. The company expects to reach operating breakeven by the end of 2026.

Clip Money Inc. (TSX-V: CLIP, OTCQB: CLPMF) reported robust financial results for the second quarter of 2025, with revenues reaching $1,349,587, marking a 248% year-over-year (YoY) growth. This significant increase was driven by strong revenue growth, with costs of revenue (CoR) increasing by only 60% during the same period, maintaining the company's high operating leverage [1].

The company's quarterly highlights include the expansion of its U.S. business deposit network through a partnership with Green Dot. This collaboration resulted in the launch of ClipCenter, which added over 4,000 new deposit locations at participating big-box retail stores. As a result, Clip Money now boasts a total network of 8,500 locations across ClipDrop, ClipATM, and ClipCenter services [1].

Clip Money also expanded its leading shopping center network to 483 ClipDrop deposit units during the quarter, adding 25 new shopping center locations. The company reported the addition of 294 new users, demonstrating organic growth and the network's pull. Several strategic retailers, such as Earthbound Trading Company and Tumi, joined the Clip customer base, further diversifying and strengthening the company's customer base [1].

The company secured $4 million in financing through a convertible note and private placement, with $3 million coming from Cardtronics Inc., a subsidiary of NCR Atleos Corporation. This funding will support the company's growth and operational momentum [2].

Clip Money expects to reach operating breakeven by the end of 2026, driven by its strong financial performance and expanding network. The company's CEO, Joseph Arrage, stated, "Q2 was a pivotal quarter of operational execution for Clip Money. Together with Green Dot, we brought Clip cash deposit services to over 4,000 big-box retail stores locations, expanding our network reach and unlocking a new channel for business deposits" [1].

References:
[1] https://www.globenewswire.com/news-release/2025/08/25/3138386/0/en/Clip-Money-Inc-Reports-Second-Quarter-2025-Results.html
[2] https://www.stocktitan.net/news/CLPMF/