Digiliti Money Celebrates Rebrand by Ringing NASDAQ Closing Bell

Digiliti Money, the company formerly known as Cachet Financial Solutions, rang the closing bell on the NASDAQ this afternoon.

Announced last month, the rebrand for the cloud-based, mobile RDC and prepaid card solutions provider comes at what Digiliti Money CEO and chairman Jeff Mack called “an important inflection point in the company’s development.” Pointing to the company’s recent capital raise and NASDAQ listing, Mack said the rebrand not only better exemplifies the company’s past but also points toward Digiliti’s future “as a mobile money technology leader capitalizing on multi-billion-dollar end markets.” The company’s new NASDAQ stock exchange ticker is “DGLT” and went live on April 10th.

On Friday, the company announced that Fidelity Express, which provides money orders, walk-in billpay, and other point-of-sale financial services, has selected Digiliti’s Mobile Bill Pay solution for use at 5,000 locations in 19 states. Fidelity Express will take advantage of the Mobile Bill Pay’s image recognition technology to make it easier and faster to process payments from customers without the kind of errors that plague manual data entry.

Additionally, Digiliti has inked a deal with New Jersey-based Garden Savings FCU, which will deploy the company’s prepaid mobile banking platform to better serve its 25,000 members. Digiliti has also formed an agreement with Rebar Interactive Partners, who will leverage the company’s mobile prepaid banking technology. The company also bolstered its board of directors last month with the addition of Brittany McKinney, former president and CEO of Analysts International and a technology executive with more than 20 years of experience.

Founded in 2010 as Cachet Financial Solutions, the company demonstrated its Select Mobile Money solution at FinovateFall 2014. Select Mobile Money won Digiliti Money a PayBefore Award last month in the Outstanding White-Label Platform category.

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