Mobile Embrace to buy cashless pub app Clipp

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[1] Cashless hospitality app Clipp has announced a new $4.69 million investment that may result in a buyout.

[2] The funding comes from Mobile Embrace, an ASX-listed mobile payments company that looks to extend its presence in Australia’s bars and clubs.

[3] Mobile Embrace Mobile Embrace will acquire a 31 per cent stake in Clipp from existing shareholders with the option to take it to 72 per cent.

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[Source]  Australian Information Technology News – Mobile Embrace to buy cashless pub app Clipp