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Clip Money Inc. operates a multi-bank self-service deposit system for businesses. Its recurring updates cover the Clip Network for commercial cash deposits, customer adoption by retailers, shopping-center and channel partnerships, and cash-management products including ClipDrop, ClipATM, ClipCenter, and ClipChange.
Company announcements also address revenue growth, operating leverage, loan financing, amendments to unsecured convertible notes, shareholder meeting results, auditor appointments, and equity incentive plan approvals. The business is tied to retail cash handling, deposit access, change-order delivery, and the movement of commercial cash through a multi-channel deposit network.
Clip Money (TSX-V: CLIP, OTC: CLPMF) reported Q2 2026 revenue of $1.91 million, up 42% year-over-year and 9% quarter-over-quarter, with first-half 2026 revenue rising 58% to $3.68 million. Cost of revenue increased 17% to $1.34 million, expanding gross profit to $569,470.
Operating expenses grew 5% YoY to $1.80 million and fell 4% sequentially, narrowing the Q2 net loss to $1.44 million, a 34% YoY improvement, or $(0.01) per share. Active customer locations reached 4,378, driven by a 53% increase in new deposit users and 31% higher revenue per user, while ClipChange revenue grew 157% YoY and active ClipChange locations rose 167% to over 1,700.
Subsequent to quarter-end, Clip Money closed a non-brokered private placement raising $880,500 (CAD$1.25 million), signed a seven-year commercial partnership with up to $4.5 million in potential fees, and fully drew its CAD$3 million BDC loan, receiving a final $1.14 million advance.
Clip Money (OTC: CLPMF, TSX-V: CLIP) announced it has received the second and final advance of CAD$1.62 million from Business Development Bank of Canada under its previously disclosed CAD$3 million Growth and Transition Capital loan. With this funding, the BDC Loan is now fully drawn and matures on August 15, 2028. According to Clip Money, the proceeds will support working capital and growth initiatives. Further details on loan terms were previously provided in the company’s December 18, 2025 announcement.
Clip Money (TSX-V: CLIP, OTC: CLPMF) announced a master services agreement for a commercial partnership featuring joint go-to-market and solution development, with both parties contributing operational and technology capabilities. The Agreement includes an upfront commercial fee of US$1.75 million payable to Clip Money on signing, plus up to US$2.75 million in additional payments tied to specified milestones, for a total potential contract value of up to US$4.5 million. The Agreement has an initial term of seven years and automatically renews for successive two-year terms unless terminated under its terms. The contract does not contain minimum revenue or purchase commitments beyond the integration and milestone-based payments.
Clip Money (TSX-V: CLIP, OTC: CLPMF) closed the first tranche of a non-brokered private placement, issuing 8,686,377 shares at CAD$0.144 for gross proceeds of USD$880,500 to two insider investors.
The financing may total up to 20,000,000 shares (CAD$2,880,000), with proceeds for network expansion, customer acquisition, capital expenditures, operations, technology and general corporate purposes. Shares carry a four‑month-plus‑one‑day hold and the offering requires TSX Venture Exchange approval.
Clip Money (TSX-V: CLIP, OTC:CLPMF) closed an amendment to certain unsecured convertible notes issued in May and June 2023. The Amended Notes extend maturity dates by 12 months and reduce the conversion price from CAD$0.50 to CAD$0.40 per common share.
Holders of 16 notes, totaling CAD$2,055,586 principal, consented. Holders of 17 notes, totaling CAD$506,228 principal, did not consent and will receive principal in cash. Accrued interest of CAD$233,110.38 for non-consenting holders will be settled in 1,260,059 common shares at CAD$0.185 per share. The 12% annual interest rate remains unchanged.
Clip Money (TSX-V: CLIP, CLPMF) reported results of its June 2, 2026 annual and special shareholder meeting. All five director nominees were elected, with support ranging from 90.444% to 98.805% of votes cast.
Shareholders also approved MNP LLP as auditor with 98.810% support and re-approved the Amended and Restated Omnibus Equity Incentive Plan with 97.793% support.
Clip Money (CLPMF) reported Q1 2026 revenue of $1.76 million, up 81% year-over-year, driven by a 129% rise in new deposit users and 5% higher revenue per user. Cost of revenue rose 36% YoY, and operating expenses increased 2%.
Net loss was $2.36 million, 4% higher YoY. Active customer locations grew 67% to 4,493, while ClipChange revenue rose 164% YoY. Subsequent events include $350,109 of 12% unsecured notes due July 6, 2026 and a lower conversion price on certain convertible notes.
Clip Money (OTC: CLPMF) amended terms for previously issued unsecured convertible notes to strengthen liquidity. For consenting holders the Maturity Date is extended by one year to May 4, 2027 (first tranche) and June 14, 2027 (second tranche), and the Conversion Price is reduced from CAD$0.50 to CAD$0.40 per share. Interest remains 12% per annum compounded monthly. Of CAD$483,667.50 first-tranche principal, CAD$368,670 have consented. Amendments require TSX Venture Exchange acceptance and applicable holder consent; non-consenting notes will be repaid at original maturity.
Clip Money (OTC: CLPMF) reported record 2025 revenue of $5,743,688, a 143% increase from 2024, driven by new products and a 129% rise in new deposit users. Cost of revenues rose 52%, showing operating leverage; operating loss improved 12% to $6.87M, while net loss was $9.07M. The network expanded to >8,000 deposit locations and active customers grew 77% to 4,438. The company raised convertible financing totaling $6.0M and obtained a $2.19M loan, supporting growth and network rollout into 2026.
Clip Money (OTCQB: CLPMF) secured a CAD$3.0 million loan from Business Development Bank of Canada (BDC) to fund working capital and growth initiatives. The BDC Loan matures on August 15, 2028 and allows principal repayment as a single balloon payment on the maturity date.
Interest is BDC’s floating base rate (6.8% as of Oct 24, 2025) plus 1% per annum, plus an Additional Interest component of 7.45% per annum (non-compounding). Clip Money granted BDC a first-ranking security interest and Clip Money (USA) provided a 100% guarantee. No equity, warrants, or finder’s securities were issued.