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.
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