Clip Money Inc. Secures a US$3 Million Loan from BDC
Summary
Clip Money secured a CAD$3 million loan from BDC to support working capital and growth plans. The company will use the financing to expand its business and deepen its relationship with BDC. The deal includes a first-ranking security interest over substantially all company personal property and a full guarantee from its U.S. subsidiary. Clip Money says the non-dilutive capital marks an important milestone and supports the next phase of growth for its multi-bank self-service deposit network.
Funding
Amount
$2.2M
Total raised
Date
December 18, 2025
Announcement date
Investors
Business Development Bank of Canada
Lead investors
Company
clipmoney.com
Funded company
Classifications
industries
No industries detected
applications
Accounting and Taxes
AskAI Classifications
Labels
SaaS
FinTech Software
Cash Management Software
Linked Companies
Clip Money Inc.
$1M to $5M