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July 28, 2015 6:07 PM 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 offers RDC Select, a cloud-based and hosted SaaS platform for institutions to manage their own RDC operations. It also provides a cloud-based SaaS RDC Select Mobile product, which allows the users to take a picture of the front and back of the check and deposit to their account at their financial institution...

Southwest Tech Center A

18671 Lake Drive East

Minneapolis, MN 55317

United States

63 Employees

Phone:

952-698-6980

Fax:

952-698-6999

Key Executives for Cachet Financial Solutions, Inc.

Chairman, Chief Executive Officer and President
Age: 62
Total Annual Compensation: $262.9K
Chief Financial Officer, Principal Accounting Officer and Executive Vice President
Age: 46
Total Annual Compensation: $163.4K
Executive Vice President of Product Development
Age: 49
Total Annual Compensation: $188.8K
Executive Vice President of Sales
Age: 57
Total Annual Compensation: $188.8K
Compensation as of Fiscal Year 2014.

Cachet Financial Solutions, Inc. Key Developments

Cachet Financial Solutions and Access Development Partner to Enhance Mobile Commerce for Financial Institutions Across America

Cachet Financial Solutions and Access Development have partnered to deliver the private collection of mobile coupons to Cachet's network of financial institutions. Beginning in August 2015, customers of Cachet's network of more than 400 financial institutions will have access to 90,000 mobile coupons at restaurants and retailers in their communities. The mobile coupons will be available to each financial institution leveraging Cachet's Select Mobile Money prepaid mobile application. Most deals can be redeemed by simply displaying the offer details on the user's mobile device at the point of sale.

Cachet Financial Solutions, Inc. Auditor Raises 'Going Concern' Doubt

Cachet Financial Solutions, Inc. filed its S-1 on Jul 21, 2015 for the period ending Dec 31, 2014. In this report its auditor, Lurie Besikof Lapidus & Company, LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Cachet Financial Solutions to Deploy Prepaid Mobile Platform for SOLE Financial's Visa Paycard

Cachet Financial Solutions announced that it will deploy its Select Mobile Money platform for SOLE Financial's Visa Paycard. SOLE Paycard users will have access to a full suite of convenient mobile account services through Cachet's mobile platform. Users can view balances and transaction detail, pay their wireless bill, transfer funds and reload money; all from inside the app. Users will also have the ability to access their deposits within minutes with an 'instant good funds' feature. The app will also offer location-based technology that can pinpoint nearby reload locations and ATMs. Powerful back-end analytics will enable employers to segment cardholder behavior as well as send relevant marketing messages to keep their employees engaged in using the mobile application.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 3, 2015
--
Private Placement
February 3, 2015
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Private Placement
September 19, 2014
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