July 14, 2014 10:46 AM ET

Internet Software and Services

Company Overview of Cachet Financial Solutions, Inc.

Company Overview

Cachet Financial Solutions Inc. provides remote deposit capture (RDC) solutions to financial institutions and their customers 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 hosted platform for institutions to manage their own RDC operations. It also provides RDC Select Mobile product, which allows the users to take a picture of the front and back of the check and deposit at their financial institution remotely. Cachet Financial Solutions Inc. serves ba...

18671 Lake Drive East

Southwest Tech Center A

Minneapolis, MN 55317

United States

50 Employees

Phone:

952-698-6980

Fax:

952-698-6999

Key Executives for Cachet Financial Solutions, Inc.

Chairman
Age: 61
Chief Financial Officer
Age: 45
Chief Information Officer and Executive Vice President
Age: 48
Executive Vice President of Sales and Marketing
Age: 56
Compensation as of Fiscal Year 2014.

Cachet Financial Solutions, Inc. Key Developments

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

Effective July 11, 2014, Cachet Financial Solutions, Inc. will change its OTC Bulletin Board stock ticker symbol to CAFN from CHTF.

Navy Federal Credit Union Implements Cachet Financial Solutions' Prepaid Mobile App to Power Visa(R) Buxx Program

Cachet Financial Solutions, has partnered with Navy Federal Credit Union, to implement a money management tool geared towards students. The credit union's Visa(R) Buxx program will use Cachet's Select Mobile(TM) Money prepaid mobile application to view balances, request money from parents through SMS, email or in-app notification, and use the locator feature to easily locate the nearest branch or ATM. Parents have access to their student's balances, can transfer funds directly from their Navy Federal debit and credit cards, and have the ability to suspend their teen's card. Cachet's Select Mobile Money prepaid mobile platform is a cloud-based SaaS solution that enables financial institutions to offer their prepaid cardholders a full suite of convenient financial services in one easy-to-use mobile application. Available for iOS and Android systems, the Select Mobile Money platform can be integrated with existing card programs or used to develop a new prepaid card program, complete with mobile app and branded general purpose reloadable prepaid card.

FirstView, LLC Selects Cachet Financial Solutions to Develop Prepaid Mobile App for Cardholder Network

Cachet Financial Solutions announced that FirstView, has selected Cachet to develop a prepaid mobile application to be offered to FirstView's cardholders. The prepaid mobile application will be built on Cachet's Select Mobile(TM) Money platform and branded for each of FirstView's consumer reloadable, payroll, and small business check cashing clients. The mobile application, to be implemented this summer, will include a variety of convenient services such as account management, transaction history, card to card transfer, location-based technology to identify nearby reload locations and surcharge-free ATMs, and check to card loading with instant good funds.

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Private Placement
February 27, 2014
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