TORONTO, Ontario — December 18, 2025 — Leads & Copy — Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) has secured a CAD$3 million loan from Business Development Bank of Canada’s (BDC) Growth and Transition Capital team.
The BDC Loan matures on August 15, 2028, and carries an interest rate equal to BDC’s floating base rate, which was 6.8% per annum as of October 24, 2025, plus 1% per annum, calculated daily. An additional interest component of 7.45% per annum (non-compounding) is calculated monthly on the total indebtedness to BDC outstanding under the loan.
The loan’s principal amount may be repaid as one balloon payment on the Maturity Date, along with all accrued and unpaid interest, plus the Additional Interest, subject to the BDC Loan documentation terms.
Clip Money and its subsidiary, Clip Money (USA) Inc., have granted BDC a first-ranking security interest over all or substantially all of its present and after-acquired personal property, subject to customary permitted priority liens. Clip Money (USA) Inc. has also provided BDC with a guarantee of 100% of the amounts owing under the BDC Loan.
The financing will be used for the company’s working capital and growth initiatives. There are no bonus securities, finder’s fees in securities, warrants, options, or other equity or convertible instruments payable or issuable in connection with the BDC Loan.
Compensation to BDC is limited to its interest payments and customary cash fees, including a monthly management fee of $500 per month and a standby fee commencing on October 10, 2026, calculated at a rate of 3% per annum on the portion of the BDC Loan which has not been advanced or canceled.
Clip Money did not engage a finder in connection with the BDC Loan.
Joseph Arrage (CEO & Co-Founder) said securing non-dilutive growth capital from BDC is a major milestone for Clip and a powerful signal of confidence in the company and its trajectory. Arrage added that BDC has been an exceptional partner from day one, and working with their team to deepen the relationship has been a great process. They play a critical role in supporting high-growth companies as they scale, and Clip is proud to be building this next phase of growth alongside them.
Sean Crouse, Director, Growth and Transition Capital, BDC, said Clip Money provides efficient and convenient deposit services to a diverse range of clients. Crouse added that with its unique self-service deposit network across North America, a strong management team and well-defined strategy, Clip Money is well positioned for growth. It’s the type of ambitious company that BDC wants to invest in and work with to see them grow.
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, ClipATM, or ClipCenter 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 further information, please contact:
Joseph Arrage
Chief Executive Officer
tel: 844-593-2547
Source: Clip Money Inc.
