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ATLANTA, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Clip Money, Inc. (“Clip”) (TSXV:CLIP) (OTCQB: CLPMF), a leading fintech company that brings modern cash management services to businesses, has partnered with quick service restaurant group International Restaurant Management Group (IRMG), a mission-driven organization dedicated to bringing affordable, quality meals to the masses.
IRMG’s portfolio of over 200 restaurants includes brands such as Starbucks, Burger King, Popeyes, Firehouse Subs, and homegrown QSR concepts including Kelly’s Cajun Grill, Yeung’s Lotus Express, Suki Hana, and Wok A Holic. IRMG has been using Clip in over 50 locations with dozens more in the process of being added, aligning with their aggressive expansion goals. The company was awarded Popeye’s Developer of the Year at the 2022 and 2023 Annual Restaurant Brands International (RBI) Convention with the addition of 64 new stores and 2024 Burger King Developer of the Year as featured in Food Chain Magazine’s recent coverage: The Birth of a Restaurant Empire.
Anthony Napoliello, President and CEO at IRMG, shares his experience with Clip: “Switching to Clip has resulted in monthly savings of roughly 60% per location compared to the legacy options we used prior. It has also provided our head office with real-time transparency, reporting capabilities, and other tools that help streamline our cash management operations.” Napoliello continued, “IRMG is committed to the service and experience of our employees and customers. Clip’s convenient proximity to our restaurants and easy-to-use technology gives time back to our store managers and corporate team members so they can focus on customer service and drive efficiencies for our business.”
“In the restaurant business, every penny counts. Margins are tight, so cash flow and optimizing processes are critical to our operations,” says Kelly Yeung, Founder and Chairman of IRMG. “Clip has made it easier by helping our staff deposit cash quickly and having funds processed the next business day, keeping operations running smoothly on all fronts.”
The Clip network enables any business to make deposits to any existing bank account via ClipDrop or ClipATM which helps promote bank consolidation efforts. Deposits can be made at any time during store hours by designated employees, with next-business-day credit. Clip customers can also manage the full cash-handling process through the Clip Cashboard, including facilitating cash deposits and change orders, assigning employees to perform deposit transactions, and tracking transaction history.