September 26, 2016 11:27 AM ET

Software

Company Overview of Cachet Financial Solutions, Inc.

Company Overview

Cachet Financial Solutions Inc. provides cloud-based software-as-a-service (SaaS) remote deposit capture (RDC) solutions in the United States, Canada, and Latin America. RDC is a service that allows a business or consumer to scan checks and transmit the scanned images to a financial institution for posting and clearing or cashing and loading remotely to a pre-paid debit card. The company’s RDC products include Select Business Merchant Capture, which provides a financial institution’s business customers with the ability to scan and deposit checks from their PC, Mac computer, or mobile device; and Select Mobile Deposit, which allows a financial organization to offer their consumer customers th...

Southwest Tech Center A

18671 Lake Drive East

Minneapolis, MN 55317

United States

57 Employees

Phone:

952-698-6980

Fax:

952-698-6999

Key Executives for Cachet Financial Solutions, Inc.

Chairman, Chief Executive Officer, President, Chairman of Executive Committee, Member of Audit Committee and Member of Corporate Governance Committee
Age: 63
Total Annual Compensation: $310.0K
Chief Information Officer and Executive Vice President
Age: 53
Total Annual Compensation: $196.1K
Executive Vice President of Sales
Age: 58
Total Annual Compensation: $220.0K
Compensation as of Fiscal Year 2015.

Cachet Financial Solutions, Inc. Key Developments

ArbiterSports Selects Cachet Financial Solutions to Deliver an Integrated Game Management and Mobile Money Solution for Sports Game Officials

Cachet Financial Solutions, Inc., has been selected by ArbiterSports to deliver an integrated mobile game management and payment solution for sports game officials. The new solution from Cachet will connect ArbiterPay to ArbiterMobile and add new mobile capabilities that make it easier and more convenient for sports organizations and officials across the country to manage schedules, game information and officiator payments. The app's mobile money features and services will be powered by Cache's Select Mobile Money SaaS solution and Rapid Financial Solutions payment processing platform. In addition to providing game information and scheduling, the iOS and Android mobile app will offer game officials a variety of convenient mobile money services that can help them manage their personal funds and prepaid cards, including account management, transaction history, card-to-card transfers, check-to-card loading with immediate good funds option, and international money transfers. The app will also pinpoint nearby card reload locations and ATMs, and support fingerprint authentication and multiple languages.

Cachet Financial Solutions, Inc. Announces Board Appointments

Cachet Financial Solutions, Inc. has appointed three new highly qualified independent directors to the board: Robin O’Connell, Liyuan Woo and Jim Spencer, effective August 17, 2016. Robin O’Connell is EVP, Head of Growth and Partnerships at Uphold, Inc. Prior to Uphold, Robin was VP, Business Development for WorldPay. Liyuan Woo was most recently Chief Financial Officer of bebe stores, inc. Prior to bebe, she was Senior Manager at Deloitte. Jim Spencer has helped lead several start-up and established Internet and mobile companies. In 2008, he founded Newsy, (Newsy.com) an early online, mobile and OTTV video news service that was acquired by the E.W. Scripps Company in 2014. Previously, he was VP of Content at Ask Jeeves (Ask.com).

Cachet Financial Solutions, Inc. will Change its Ticker to CAFN from CAFN.D

Effective August 23, 2016, Cachet Financial Solutions, Inc. will change its OTC Bulletin Board stock ticker symbol to CAFN from CAFN.D.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 15, 2016
--
Private Placement
August 12, 2016
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Private Placement
August 11, 2016
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