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Last $0.62 USD
Change Today -0.06 / -8.82%
Volume 49.6K
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

cachet financial solutions i (CAFN) Snapshot

Previous Close
Day High
Day Low
52 Week High
09/11/14 - $1.63
52 Week Low
06/2/15 - $0.30
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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cachet financial solutions i (CAFN) Details

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 remotely. The company markets its mobile money management product under the Select Mobile Money name. In addition, the company offers training and support services for its financial services industry customers. It serves financial institution markets and financial service organizations, including banks, credit unions, card issuers, check cashers, and payday lenders. Cachet Financial Solutions Inc. is headquartered in Minneapolis, Minnesota.

63 Employees
Last Reported Date: 07/21/15

cachet financial solutions i (CAFN) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $262.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $163.4K
Executive Vice President of Product Developme...
Total Annual Compensation: $188.8K
Executive Vice President of Sales
Total Annual Compensation: $188.8K
Compensation as of Fiscal Year 2014.

cachet financial solutions i (CAFN) Key Developments

CU Mobile Apps Selects Cachet Financial Solutions, Inc. as Preferred Mobile Deposit Provider

Cachet Financial Solutions, Inc. has been selected as the preferred mobile deposit provider for CU Mobile Apps, a new, customizable, and affordable mobile delivery solution designed to give credit unions a competitive edge. CU Mobile Apps, seamlessly integrated with Cachet's Select Mobile™ Deposit, heightens essential two-way communications between credit unions and their members. CUMA encapsulates the credit union's current banking solution and includes mobile deposit, integrated locator searches, P2P solutions, social media, and alert messaging, taking a credit union from an online banking or a mobile banking tool to a full service mobile branch experience. Among the many other capabilities, members can view special offers, request loan information, or integrate a mobile chat.

Cachet Financial Solutions, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2015

Cachet Financial Solutions, Inc. reported earnings results for the second quarter ended June 30, 2015. Revenue in the second quarter of 2015 increased 64% to $1.0 million from $609,000 in the same year-ago quarter. The increase was driven by growing adoption of the company’s Select Mobile and Select Business RDC solutions. Net loss attributable to common stockholders in the second quarter of 2015 totaled $8.9 million or $0.36 per basic and diluted share, compared to a net loss of $4.2 million or $0.65 per basic and diluted share in the second quarter of 2014. Adjusted EBITDA loss for the second quarter of 2015 totaled $2.1 million compared to an adjusted EBITDA loss of $2.3 million in the same year-ago period. Non-GAAP loss for the second quarter of 2015 totaled $2.4 million or $0.10 per basic and diluted share, compared to a non-GAAP loss of $2.6 million or $0.40 per basic and diluted share in the same year-ago period.

Cachet Financial Solutions, Inc. Introduces Express Mobile Deposit Solution for Small Financial Institutions

Cachet Financial Solutions, Inc. has launched an express version of its Select Mobile Deposit, providing smaller banks and credit unions across the U.S. with an affordable, market-ready mobile deposit solution to offer their customers and members. Cachet's Select Mobile Deposit-Express removes the barriers to entry typical of mobile deposit solutions, enabling smaller financial institutions to compete more effectively for today's mobile-centric consumers and businesses. The market-ready, standalone mobile application minimizes start-up costs and simplifies deployment, accelerating speed to market and ROI for smaller financial institutions. The Express version comes with the same full-service support as Cachet's custom mobile deposit solution, including dedicated client services, strategic marketing, 24/7 helpdesk and advanced risk mitigation with duplicate detection. Select Mobile Deposit-Express, a cloud-based software solution, is available for iOS or Android devices and enables a financial institution to offer its customers or members the ability to use their mobile device to deposit checks electronically anywhere, anytime eliminating trips to a branch or ATM. Users simply download the mobile app and use their Smartphone or tablet to snap a photo of the front and back of their check and then submit electronically for deposit at their financial institution.


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Industry Average

Valuation CAFN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.7x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 3.6x

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