May 20, 2013 1:53 PM ET

Internet Software and Services

Company Overview of Cachet Financial Solutions, Inc.

Company Overview

Cachet Financial Solutions, Inc. provides hosted remote deposit capture (RDC) solutions for banks, credit unions, and other financial institutions. It offers RDC Select, an integrated platform that enables financial institutions to deliver RDC services to their customers. The company’s commercial and consumer RDC products include Select Business, a merchant capture solution for PC and Mac users; Select Home, a consumer capture for small/home offices; and Select Mobile, a mobile remote deposit capture solution. In addition, it offers Mobile Check Capture, a mobile check capture solution for financial service organizations/prepaid cards; CheckReview, a real time image verification solution for...

Detailed Description

6455-A Flying Cloud Drive

Minneapolis, MN 55344

United States

Founded in 2010

Phone:

952-698-6980

Fax:

952-698-6999

www.cachetfinancial.com

Key Executives for Cachet Financial Solutions, Inc.

Chairman
Age: 59
Chief Financial Officer and Vice President
Age: 57
Chief Information Officer and Executive Vice President
Age: 46
Advisor
Age: 62
Executive Vice President of Sales
Age: 54
Compensation as of Fiscal Year 2012.

Cachet Financial Solutions, Inc. Key Developments

Cachet Financial and VolCorp to Provide Mobile Remote Deposit Capture Services

Cachet Financial Solutions has announced a new partnership with Volunteer Corporate Credit Union, or VolCorp to provide mobile remote deposit capture services to their 325 member credit unions. VolCorp continually searches for solutions which will provide members with the latest technology to compete in the mobile world. Cachet not only offers a high quality RDC solution, but one that is affordable for credit unions of all sizes." Cachet's Select Mobile application allows account holders to initiate mobile-deposit sessions on their smartphone or tablet.

Cachet Financial Solutions Provides Mobile Deposit for Tyfone's Mobile Banking Platform

Cachet Financial Solutions, Inc. has announced a partnership with Tyfone to provide mobile remote deposit services, including mobile remote deposit capture (mRDC), for their mobile banking platform. Through this integration, Tyfone is offering real time deposit capabilities, allowing funds to be directly deposited into member accounts. Midwest-based CoVantage Credit Union was the first to implement the integrated solution.

Cachet Financial Solutions, Inc. and PSCU Partner to Provide Remote Deposit Capture Technologies to Nation's Credit Unions

Cachet Financial Solutions, Inc. has announced a new partnership with PSCU to provide remote deposit capture (RDC) solutions to PSCU's 680+ member credit unions. Cachet will be providing PSCU with its Select Mobile(TM) technology (mobile RDC for deposit accounts and loading prepaid cards), as well as Select Home(TM), consumer capture with a TWAIN-based scanner.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 30, 2013
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