Core Viewpoint - Clip Money Inc. has secured a CAD$3 million loan from the Business Development Bank of Canada to support its working capital and growth initiatives, marking a significant milestone for the company [1][3][5]. Financial Details - The BDC Loan has a maturity date of August 15, 2028, with an interest rate of 6.8% per annum plus 1% per annum, calculated daily [2]. - An additional interest component of 7.45% per annum is applicable, calculated monthly on the total indebtedness [2]. - The principal amount can be repaid as a balloon payment on the maturity date, along with all accrued and unpaid interest [2]. Security and Guarantees - Clip Money and its subsidiary have granted BDC a first-ranking security interest over substantially all of their present and after-acquired personal property [3]. - Clip Money (USA) Inc. has provided a guarantee for 100% of the amounts owed under the BDC Loan [3]. Loan Structure and Fees - There are no bonus securities, finder's fees, or other equity instruments associated with the BDC Loan [4]. - Compensation to BDC is limited to interest payments and customary cash fees, including a monthly management fee of CAD$500 and a standby fee starting October 10, 2026, at a rate of 3% per annum on the undrawn portion of the loan [4]. Company Overview - Clip Money operates a multi-bank self-service deposit system, allowing businesses to deposit cash at various locations outside their bank branches [9]. - The company combines hardware, a mobile app, and a cloud-based transaction engine to facilitate business banking transactions efficiently [9]. - Clip Money aims to provide a cost-effective and convenient solution for business banking deposits across Canada and the United States [9].

TORONTO, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) (“Clip Money” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce that it is has secured a CAD$3 million loan (the "BDC Loan") from Business Development Bank of Canada’s (“BDC”) Growth and Transition Capital team. The BDC Loan matures on August 15, 2028 (the “Maturity Date”) and has an interest rate equal to BDC’s floating base rate, which was 6.8% pe ...

Core Insights - Clip Money Inc. has expanded its partnership with Centennial, enabling more than a dozen Centennial locations to host ClipDrops, providing cash deposit solutions for over 1,600 retail and restaurant tenants [1][2]. Group 1: Partnership and Expansion - The collaboration with Centennial marks a significant milestone in Clip's mission to modernize cash-handling for retailers across North America, increasing Clip's mall network to over 500 shopping centers [2]. - The partnership aims to reduce friction in cash deposits for retailers, allowing employees to focus on retail operations while saving time and money [4]. Group 2: Industry Context and Benefits - Retailers are facing challenges due to bank branch closures and reduced hours, making ClipDrop a valuable solution by offering an indoor deposit option available during extended retail hours [3][6]. - The expansion is timely for the holiday season, when cash volumes increase and operational demands intensify, highlighting the need for reliable and trackable deposit solutions [5]. Group 3: Company Overview - Clip Money operates a multi-bank self-service deposit system, allowing businesses to deposit cash at various locations, with funds credited to their bank accounts typically within one business day [6]. - The company combines hardware, customer support, a digital platform, and a cloud-based transaction engine to enhance business banking transactions across the U.S. and Canada [6].

Core Insights - Clip Money Inc. reported a significant revenue growth of 175% year-over-year for Q3 2025, reaching $1,435,501 compared to $521,316 in Q3 2024, while costs of revenue increased by only 55% during the same period, indicating strong operating leverage [1][5][6] Financial Performance - Q3 2025 core revenue (excluding non-recurring revenue) increased by 26% quarter-over-quarter compared to Q2 2025, driven by new sales growth and existing customer penetration [5] - Cost of revenue for Q3 2025 was $1,301,817, reflecting a 55% year-over-year increase, significantly lower than the revenue growth rate [5] - Operating expenses for Q3 2025 were $1,987,589, a 24% increase year-over-year, with a 16% increase quarter-over-quarter, primarily due to higher operating expense accruals [5] - Comprehensive loss for Q3 2025 was $2,764,599, a 19% increase year-over-year, largely attributed to a non-cash change in the fair value of derivative liabilities [5] Network and Customer Growth - Clip Money expanded its U.S. business deposit network, becoming the largest non-bank network for business cash deposits in the U.S. with over 8,100 deposit locations [5][6] - The company added 1,110 new user locations in Q3 2025, including approximately 780 locations from Claire's, a nationwide retailer [5][6] - ClipChange recorded a 19% order growth in Q3 2025 compared to Q2 2025, enhancing the company's cash management strategy [6] Business Model and Strategy - Clip Money operates a multi-bank self-service deposit system, allowing businesses to deposit cash at various retail locations, which are credited to their bank accounts typically within one business day [11] - The company combines functional hardware, a mobile app, and a cloud-based transaction engine to maximize business-banking transactions, providing a cost-effective solution for business banking deposits [11]

Core Insights - Clip Money Inc. reported a significant revenue growth of 175% in Q3 2025 compared to Q3 2024, with total revenue reaching $1,435,501 [5][6] - The company maintained high operating leverage, as the cost of revenues increased by only 55% during the same period [5][6] - Comprehensive loss for Q3 2025 was $2,764,599, reflecting a 19% increase YoY, primarily due to a non-cash change in the fair value of derivative liabilities [5][6] Financial Performance - Q3 2025 revenue was $1,435,501, up from $521,316 in Q3 2024, indicating a 175% YoY growth [5] - Core revenue (excluding non-recurring revenue) increased by 26% QoQ compared to Q2 2025 [5] - Cost of revenue for Q3 2025 was $1,301,817, up 55% YoY, significantly lower than revenue growth [5] - Operating expenses rose to $1,987,589 in Q3 2025, a 24% increase YoY, but were 16% higher QoQ due to accruals [5][6] Network and Customer Growth - The company expanded its U.S. business deposit network, becoming the largest non-bank network for business cash deposits in the U.S. with over 8,100 deposit locations [5][6] - Organic growth added 1,110 new user locations in Q3 2025, driven by new retail brands and existing customer expansion [5][6] - Claire's, a fashion retailer, joined the Clip network with approximately 780 locations utilizing all three deposit channels [5][6] Product Development - Revenue from new products, including change orders, accounted for 12% of total revenue in Q3 2025, up from 8% in Q3 2024 [5] - ClipChange recorded a 19% order growth in Q3 2025 compared to Q2 2025, enhancing the cash management strategy for customers [6]

Core Insights - Clip Money Inc. has partnered with Claire's to enhance cash management across nearly 800 retail locations, providing a more efficient deposit network for the jewelry retailer [1][5][6] Partnership Details - The partnership allows Claire's to utilize Clip's cash deposit system, which includes access to ClipDrop, ClipATM, and ClipCenter, facilitating simple and cost-effective cash deposits [1][6] - This collaboration follows Claire's acquisition by Ames Watson, which aims to streamline operations, particularly in cash management, which has been historically complex for the retailer [2][4] Operational Improvements - Clip Money's end-to-end cash management system eliminates inefficiencies, providing full visibility into store activities and allowing employees to manage deposits and order change through a single platform [3][5] - The deployment of Clip's services was executed in less than three weeks, onboarding nearly 800 stores with minimal disruption, showcasing both companies' commitment to innovation and operational efficiency [4][5] Strategic Goals - The partnership aims to unlock greater efficiencies for Claire's by simplifying cash management processes and keeping store associates focused on customer engagement [6] - Clip Money's innovative approach to cash management is expected to deliver long-term value and scalability for Claire's operations [6][7]

Core Insights - Clip Money Inc. reported a significant revenue growth of 248% year-over-year for Q2 2025, reaching $1,349,587 compared to $387,955 in Q2 2024, while costs of revenue increased by only 60% during the same period, indicating strong operating leverage [1][5][6] Financial Performance - Revenue for Q2 2025 was $1,349,587, reflecting a 39% increase quarter-over-quarter from Q1 2025 [5] - Costs of revenue for Q2 2025 were $1,147,057, up 60% year-over-year, significantly lower than the revenue growth rate [5] - Operating expenses for Q2 2025 were $1,719,300, a slight increase of 1% year-over-year, and 6% lower compared to Q1 2025 [5] - Comprehensive loss for Q2 2025 was $2,427,185, an improvement of 5% compared to $2,548,297 in Q2 2024 [5] Network and Customer Expansion - The company expanded its U.S. business deposit network by launching ClipCenter in partnership with Green Dot, adding over 4,000 deposit locations, bringing the total to 8,500 [5][6] - Clip Money added 294 new users in Q2 2025, driven by organic growth and the deployment of new mall locations [5] - The company welcomed new strategic retailers, including Earthbound Trading Company and Tumi, enhancing its customer base [5][6] Product Development - ClipChange achieved a milestone of delivering over 8,000 change orders since its launch in 2024, providing businesses with secure packages of notes and coins [6] - Revenue from new products, including change orders and implementation fees, accounted for 13% of total revenue in Q2 2025, up from 7% in Q2 2024 [5]

Core Viewpoint - Clip Money Inc. has successfully closed two private placements, raising a total of US$4,000,000 (approximately CAD$5,501,200) to support its business operations and expansion efforts [1][2][9]. Financing Details - The first financing involves a non-brokered private placement of an unsecured convertible note for gross proceeds of US$3,000,000 (CAD$4,125,900) to Cardtronics Inc., which is Clip Money's largest shareholder and strategic partner [1]. - The second financing consists of 6,876,500 common shares sold at CAD$0.20 per share, generating US$1,000,000 (CAD$1,375,300) from two insiders of the company [2]. Convertible Note Terms - The convertible note will accrue simple interest at a rate of 13% per annum, with quarterly cash interest payments [3]. - The principal amount and any accrued unpaid interest will be due on July 18, 2030, with payment options including cash, common shares at a conversion price of CAD$0.55, or a combination of both [4][5]. Redemption Provisions - If the company redeems the convertible note before three years, it must pay a redemption price of 102% of the principal plus accrued interest [6]. - For redemptions after three years and before maturity, the redemption price is 101% of the principal plus accrued interest [7]. Related-Party Transactions - The financings are classified as related-party transactions but are exempt from formal valuation and minority shareholder approval requirements as they do not exceed 25% of the company's market capitalization [8]. Use of Proceeds - The net proceeds from the financings will be utilized for network expansion, customer acquisition, capital expenditures, business operations, technology, and general corporate purposes [9]. Company Overview - Clip Money operates a multi-bank self-service deposit system, allowing businesses to deposit cash at various retail locations, with funds credited to their bank accounts typically within one business day [16].

Core Points - Clip Money Inc. held its annual meeting of shareholders on June 25, 2025, where all five nominees for the board of directors were elected with overwhelming support [1][2] - The appointment of MNP LLP as the Company's auditors was approved unanimously, receiving 100% of the votes represented at the meeting [2] - The re-approval of the Company's Amended and Restated Omnibus Equity Incentive Plan was passed with 99.99% of the votes [3] Company Overview - Clip Money operates a multi-bank self-service deposit system for businesses, allowing users to make deposits at various retail locations instead of traditional bank branches [4] - The system includes ClipDrop Boxes and ClipATMs, which enable businesses to deposit cash and have funds credited to their bank accounts typically within one business day [4] - The Company combines hardware, a mobile app, and a cloud-based transaction engine to enhance business banking transactions, providing a cost-effective solution for deposits in metropolitan areas across Canada and the United States [4]

Company Overview - Clip Money Inc. operates a multi-bank self-service deposit system for businesses, allowing users to make deposits at top retailers and shopping malls without visiting their bank branch [4] - The company combines functional hardware, an intuitive mobile app, and a cloud-based transaction engine to facilitate business banking transactions [4] Awards and Compensation - The company announced the issuance of 965,000 restricted share units (RSUs) and 27,500 options to acquire common shares to executives and employees for their performance in 2024 [1] - An additional 450,000 RSUs were granted to directors as compensation for their ongoing roles [1] - RSUs awarded to directors will vest 12 months after the grant date, while those for executives and employees will vest over three years, with one-third vesting each year [2] Options Details - The options have a three-year vesting period with an exercise price of CAD$0.19, which is the closing market price of Clip Money's common shares on May 27, 2025 [2] - The options will expire 10 years from the date of the grant [2] - The RSUs and options are governed by the company's amended and restated omnibus equity incentive plan, under which a total of 10,516,419 common shares are issuable [2]