Clip Money Inc. Reports Second Quarter 2025 Results
Clip Money Inc. (OTCQB: CLPMF), a multi-bank self-service deposit system provider, reported strong Q2 2025 financial results with revenue of $1.35 million, marking a 248% year-over-year growth. The company demonstrated significant operating leverage with cost of revenues increasing only 60% during the same period.
Key operational highlights include the expansion of their U.S. business deposit network through a partnership with Green Dot, adding over 4,000 new deposit locations at big-box retail stores. The company's total network now spans 8,500 locations across ClipDrop, ClipATM, and ClipCenter services. Additionally, Clip Money secured $4 million in financing through a convertible note and private placement, while adding 294 new users and expanding their ClipDrop network to 483 units.
Clip Money Inc. (OTCQB: CLPMF), fornitore di sistemi di deposito self-service multi-banca, ha pubblicato solidi risultati finanziari del 2° trimestre 2025 con ricavi per $1,35 milioni, segnando una crescita del 248% rispetto all'anno precedente. L'azienda ha mostrato un forte leva operativa: il costo dei ricavi è salito solo del 60% nello stesso periodo.
I principali sviluppi operativi includono l'espansione della rete di depositi aziendali negli Stati Uniti attraverso una partnership con Green Dot, che ha aggiunto oltre 4.000 nuovi punti di deposito presso grandi catene retail. La rete complessiva dell'azienda conta ora 8.500 posizioni tra i servizi ClipDrop, ClipATM e ClipCenter. Inoltre, Clip Money ha ottenuto $4 milioni di finanziamento tramite una cambiale convertibile e una collocazione privata, ha aggiunto 294 nuovi utenti ed ha ampliato la rete ClipDrop a 483 unità.
Clip Money Inc. (OTCQB: CLPMF), proveedor de sistemas de depósito autoservicio multi-banco, informó sólidos resultados financieros del 2T 2025 con ingresos de $1.35 millones, lo que representa un crecimiento interanual del 248%. La compañía evidenció un importante apalancamiento operativo, ya que el costo de los ingresos aumentó solo un 60% en el mismo periodo.
Entre los hitos operativos destaca la expansión de su red de depósitos comerciales en EE. UU. mediante una alianza con Green Dot, añadiendo más de 4,000 nuevos puntos de depósito en grandes tiendas. La red total de la compañía abarca ahora 8,500 ubicaciones entre los servicios ClipDrop, ClipATM y ClipCenter. Además, Clip Money aseguró $4 millones en financiamiento mediante una nota convertible y una colocación privada, sumó 294 nuevos usuarios y amplió su red ClipDrop a 483 unidades.
Clip Money Inc. (OTCQB: CLPMF), 다중 은행용 셀프 서비스 예금 시스템 제공업체가 2025년 2분기 실적을 발표했습니다. 매출은 $1.35백만으로 전년 대비 248% 성장했으며, 매출원가 상승은 같은 기간 동안 60%에 불과해 높은 영업 레버리지를 보여주었습니다.
주요 운영 성과로는 Green Dot과의 파트너십을 통한 미국 비즈니스 예금 네트워크 확장이 있어 대형 소매점에 4,000개 이상의 신규 예치 장소를 추가했습니다. 현재 회사의 전체 네트워크는 ClipDrop, ClipATM, ClipCenter 서비스를 합쳐 8,500개 위치에 이릅니다. 또한 Clip Money는 전환사채와 사모 배정을 통해 $4백만의 자금을 확보했고, 사용자 294명을 추가했으며 ClipDrop 네트워크를 483대까지 확장했습니다.
Clip Money Inc. (OTCQB: CLPMF), fournisseur de systèmes de dépôt libre-service multi-banques, a publié de solides résultats financiers pour le T2 2025 avec un chiffre d'affaires de 1,35 million $, soit une croissance de 248% en glissement annuel. La société a démontré un effet de levier opérationnel important, les coûts des revenus n'ayant augmenté que de 60% sur la même période.
Parmi les faits marquants opérationnels, on note l'expansion de son réseau de dépôts commerciaux aux États-Unis via un partenariat avec Green Dot, ajoutant plus de 4 000 nouveaux points de dépôt dans des grandes enseignes. Le réseau total de la société couvre désormais 8 500 emplacements pour les services ClipDrop, ClipATM et ClipCenter. De plus, Clip Money a obtenu 4 millions $ de financement via une note convertible et un placement privé, a recruté 294 nouveaux utilisateurs et a étendu son réseau ClipDrop à 483 unités.
Clip Money Inc. (OTCQB: CLPMF), ein Anbieter von Multi-Banken-Self-Service-Einzahlsystemen, meldete starke Finanzergebnisse für Q2 2025 mit einem Umsatz von $1,35 Millionen, was einem Wachstum von 248% gegenüber dem Vorjahr entspricht. Das Unternehmen zeigte erhebliche operative Hebelwirkung, da die Umsatzkosten im selben Zeitraum nur um 60% stiegen.
Wichtige operative Meilensteine sind die Erweiterung des US-Geschäfts-Einzahlungsnetzwerks durch eine Partnerschaft mit Green Dot, wodurch über 4.000 neue Einzahlungsstandorte in großen Einzelhandelsketten hinzugekommen sind. Das gesamte Netzwerk des Unternehmens umfasst nun 8.500 Standorte über die Dienste ClipDrop, ClipATM und ClipCenter. Zusätzlich sicherte sich Clip Money $4 Millionen Finanzierung durch eine Wandelanleihe und eine Privatplatzierung, gewann 294 neue Nutzer hinzu und baute sein ClipDrop-Netz auf 483 Einheiten aus.
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TORONTO, Aug. 25, 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 its financial results for the three months ended June 30, 2025. The Company reported continued revenue growth in the second quarter of 2025, up
Second Quarter Financial 2025 Highlights:
- Revenue for the second quarter of 2025 (“Q2 2025”) was
$1,349,587 , compared to$387,955 in the second quarter of 2024 (“Q2 2024”), which equates to248% growth year-over-year (“YoY”). Q2 2025 revenue was up39% quarter-over-quarter (“QoQ”) compared to the first quarter of 2025 (“Q1 2025”), which was a function of new sales growth, one-time implementation fees and growth of new products. Excluding the impact of seasonality, revenue grew31% QoQ. - Revenue growth continues to outpace changes in Costs of Revenue (“CoR”). Q2 2025 CoR of
$1,147,057 was up60% YoY, relative to248% YoY revenue growth. - YoY revenue growth for Q2 2025 was driven by a
169% increase in new deposit users, and supported by contributions from new products, namely revenue from change orders and implementation fees. Revenue from new products, excluding non-recurring items, accounted for13% of total revenue in Q2 2025 and7% in Q2 2024. - Operating expenses for Q2 2025 were
$1,719,300 compared to$1,713,968 in Q2 2024, which represents a1% YoY increase. Q2 2025 operating expenses were6% lower QoQ compared to Q1 2025. Comprehensive loss for Q2 2025 was$2,427,185 , compared to$2,548,297 in Q2 2024, which represents an improvement of5% YoY. - On July 18, 2025, the Company closed (i) a non-brokered private placement of an unsecured convertible note for aggregate gross proceeds of US
$3,000,000 from Cardtronics Inc., a subsidiary of NCR Atleos Corporation and (ii) a non-brokered private placement of 6,876,500 common shares (“Common Shares”) at a price of CAD$0.20 per Common Share for gross proceeds of US$1,000,000.
Network & Customer Highlights:
- Network Expansion
- Clip Money continued the expansion of its U.S. business deposit network. In partnership with Green Dot, the Company launched ClipCenter in Q2 2025, with full activation of the network set for Q3. This rollout adds more than 4,000 over-the-counter deposit locations at participating big-box retail stores, cementing Clip Money as the largest and most convenient business deposit network in the United States, now spanning 8,500 in total locations across ClipDrop and ClipATM and ClipCenter.
- In Q2 2025, Clip Money also expanded its leading shopping center network to 483 ClipDrop deposit units, adding 25 new shopping center locations during the quarter.
- Clip Money continued the expansion of its U.S. business deposit network. In partnership with Green Dot, the Company launched ClipCenter in Q2 2025, with full activation of the network set for Q3. This rollout adds more than 4,000 over-the-counter deposit locations at participating big-box retail stores, cementing Clip Money as the largest and most convenient business deposit network in the United States, now spanning 8,500 in total locations across ClipDrop and ClipATM and ClipCenter.
- Customer Growth
- Organic growth drove the addition of 294 new users in Q2. Many of these came through adoption at newly deployed mall locations with existing Clip customers, demonstrating the strong pull of Clip Money's network and the unmatched value Clip Money is bringing to their clients.
- Clip Money also welcomed several new strategic retailers to the Clip customer base this quarter, including Earthbound Trading Company, Tumi and a nationwide eyecare customer, further diversifying and strengthening its customer base. Through Clip’s convenient, multi-channel network of deposit options, several clients are now leveraging the full breadth of the Clip Money Network—including both ClipATM and ClipCenter. Depending on the depositors location, Clip now provides access to a wide range of convenient deposit options located near their offices creating efficiency across their operations.
- Complementing this growth, ClipChange reached a major milestone—delivering over 8,000 change orders since its launch in 2024. ClipChange provides businesses with secure, conveniently delivered packages of notes and coins for daily operations. By eliminating trips to the bank branch, employees can stay focused on serving customers in-store while maintaining smooth cash operations.
- Organic growth drove the addition of 294 new users in Q2. Many of these came through adoption at newly deployed mall locations with existing Clip customers, demonstrating the strong pull of Clip Money's network and the unmatched value Clip Money is bringing to their clients.
“Q2 was a pivotal quarter of operational execution for Clip Money. Together with Green Dot, we brought Clip cash deposit services to over 4000 big-box retail stores locations, expanding our network reach and unlocking a new channel for business deposits. This expansion delivers a unique customer experience and provides businesses with unparalleled access and convenience compared to traditional deposit methods. We also continued to grow our customer base, and now have customers actively using all three of our deposit solutions—ClipDrop, ClipATM, and ClipCenter—demonstrating the strength and versatility of the Clip Money Network. Importantly, this operational momentum translated into strong financial performance, with revenue growing
Joseph Arrage (CEO & Co-Founder)
Additional Information
The Company’s interim condensed consolidated financial statements, notes to financial statements, and management’s discussion and analysis for the three months ended June 30, 2025 are available on the Company’s SEDAR+ profile at www.sedarplus.ca. Unless otherwise indicated, all references to “$” in this press release refer to U.S. dollars.
Forward‐Looking Statements
This news release may contain forward‐looking statements (within the meaning of applicable securities laws) which reflect the Company's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the future success of the Company's business.
The forward-looking statements in this news release are based on certain assumptions. The forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
About Clip Money Inc.
Clip operates a multi-bank self-service deposit system for businesses through the Clip Money network that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box or ClipATM located near them. After being deposited, the funds will automatically be credited to the business’ bank account, usually within one business day. The Company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business-banking transactions. Combined with mobile user applications, Clip offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States. For more information about the Company, visit www.clipmoney.com.
For further information, please contact:
Joseph Arrage
Chief Executive Officer
tel: 844-593-2547
