Cachet Financial Solutions

Alumni News– November 11, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cachet Financial Solutions, Coinbase, Hoyos Labs, Linkable Networks, TradeHero, Xero
  • Finovate-F-Logo.jpgLinkable Networks Raises $8 Million for Card Linked Offers Platform.
  • Coinbase integrates with Openfolio to create transparency in who is investing in Bitcoin.
  • Cachet Financial Solutions Launches Enhanced Select Business Solution.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Alumni News– October 8, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Actiance, Arroweye Solutions, Cachet Financial Solutions, Dwolla, Personal Capital, The Currency Cloud, Top Image Systems, TSYS, WePay, Xpenditure
  • Finovate-F-Logo.jpgXpenditure brings in $1.25 million in funding.
  • Pymnts interviews Mike Laven, CEO of Currency Cloud.
  • WePay launches WePay Clear to powers payments invisibly from the backend.
  • TSYS upgrades CentreSuite, its online self-service solution for commercial cardholders.
  • LSC deploys Cachet Financial Solutions’ Select Mobile Money Platform for LSC’s CU Money prepaid card users.
  • Investment News features Personal Capital.
  • Actiance integrates with PeopleLinx to facilitate social media adoption.
  • Hospitality Marketing Concepts selects Arroweye Solutions to deliver personalized rewards cards and welcome kits.
  • Top Image Systems announces relocation of TIS America’s headquarters to Plano, Texas.
  • In a funding round led by CME Group, Dwolla raised $9.7 million in new capital.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Cachet Financial Solutions Debuts Select MobileMoney

Cachet Financial Solutions Debuts Select MobileMoney
By Julie Muhn (@julieschicktanz) Posted on
Categories: Cachet Financial Solutions, FinovateFall 2014
CachetFSlogo

This post is part of our live coverage of FinovateFall 2014.

Cachet Financial Solutions demonstrated how financial institutions can offer their prepaid cardholders a mobile app:
“Cachet’s Select MobileMoney enables financial institutions to offer their prepaid cardholders a full suite of financial services in one easy-to-use mobile application. Expedited bill pay, remittance, card to card transfer, mobile deposit and other key financial services are available to the prepaid cardholder anywhere and anytime, eliminating the inconvenience and cost of accessing multiple providers for everyday financial services. 
A key differentiator, Select MobileMoney’s powerful backend analytic tools enable prepaid card providers to monitor mobile app usage, segment cardholders based on behavior and keep them engaged by sending push notifications with relevant marketing offers linked to their behavior.”
Presenting: Youri Bebic, SVP Mobile Innovations and Kimberly Timmons, Relationship Manager
CachetFSHomepage
Product Launch: October 2013
Metrics: More than $35M raised since inception, 58 employees, went Public in July 2014 
Product distribution strategy: Through financial institutions, through other fintech companies and platforms
HQ: Minneapolis, MN
Founded: 2010
Twitter: @CachetFinancial

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Alumni News– September 10, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: AcceptEmail, Braintree, Cachet Financial Solutions, Credit Sesame, Dwolla, Loop, Prosper, Tradeshift, Trustly, TSYS, VISA
  • Finovate-F-Logo.jpgAmerican Banker: TSYS and Visa have announced their tokenization technology will support Apple Pay http://bit.ly/WIBIwx
  • Credit Sesame and Prosper partner.
  • Cachet Financial receives order from top tier credit union in the U.S. for mobile money management platform, Select Mobile Money.
  • AcceptEmail selects Worldpay to power its international e-billing solutions.
  • Trustly releases open source alternative messaging technology for FIs, BankAPI.
  • Loop co-founder and CTO George Wallner weighs in on Apple Pay in Time.com Money column.
  • Visa teams up with the National Football League to promote Visa Checkout. See Visa at FinDEVr this fall.
  • Braintree to support Apple Pay. Come see Braintree at FinDEVr this September 30 through October 1 in San Francisco.
  • Business Insider profiles Christian Lanng, Co-Founder and CEO of TradeShift.
  • Dwolla CEO and Founder Ben Milne talks about the role of Apple as a new entrant in the mobile payments industry.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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    Alumni News– September 5, 2014

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Cachet Financial Solutions, Fenergo, Lending Club, MasterCard, Prosper, Simple, Trustev
    • Finovate-F-Logo.jpgCachet Financial Solutions will deploy its Select Business RDC merchant solution for leading regional bank.
    • Lending Club opens to investors in Vermont.
    • Forbes talks with Simple CEO Josh Reich on how a bank can be a brand you love.
    • MasterCard provides payment services for Basware Pay, an automated supply chain finance system. See MasterCard at FinDEVr in San Francisco.
    • Fenergo announces expansion into Asia-Pacific region.
    • Trustev to deploy its anti-fraud technology in RadioShack stores and online.
    • Courtesy of Nasdaq.com, NerdWallet features Prosper and Lending Club in its look at the rise of P2P lending.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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    Alumni News– August 8, 2014

    By David Penn Posted on
    Categories: Authentify, Cachet Financial Solutions, defi Solutions, Intuit, LearnVest, Malauzai Software, MasterCard, ReadyForZero, TransferWise, Tuition.io
    • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTransferWise earns a spot on Wired UK’s list of the “100 hottest start-ups” in Europe for 2014.
    • TMC Net takes a look at CU of America’s deployment of mobile banking solutions from Malauzai Software. See Malauzai at FinovateFall 2014 in New York.
    • First Access Funding Corporation to deploy loan origination system (LOS) from defi SOLUTIONS.
    • MasterCard Indonesia launches e-commerce initiative.
    • Intuit acquires PaySuite, bringing cloud-based payroll services to Quickbooks.
    • American Banker: Authentify introduces extension of xFA called Smart Choice to determine authentication mechanisms the user’s device has access to.
    • Cachet Financial Solutions and Contact Solutions bring Mobile Customer Care to Prepaid Clients.
    • CNBC looks at how LearnVest, Tuition.io, and ReadyForZero are making student loan payback easier.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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    Alumni News– August 1, 2014

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Cachet Financial Solutions, defi Solutions, Expensify, Patch of Land, PlayMoolah, Xero, ZipZap
    • Finovate-F-Logo.jpgStartup Daily: Startups leverage Xero’s API as part of their growth hacking strategy. Check out Xero’s API up close at FinDEVr in San Francisco September 30 – October 1.
    • Expensify grows from 24 employees in January to 45 employees in July.
    • Cachet Financial Solutions receives allowance for patent that covers aspects of its RDC platform to deposit bank checks using their Apple desktop, laptop or mobile device.
    • PlayMoolah’s WhyMoolah launches Act 2 to enable gamers who completed Act 1 to play out their lives from age 35 to 55.
    • ZipZap raises $1.1 million in new funding.
    • Your Mark on the World interviews AdaPia d’Errico, Chief Marketing Officer for Patch of Land. See Patch of Land demo at FinovateFall 2014 in New York.
    • defi Solutions CEO Stephanie Alsbrooks talks loan origination in Non-Prime Times.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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    Alumni News– July 23, 2014

    By David Penn Posted on
    Categories: BioCatch, Cachet Financial Solutions, Insuritas, Malauzai Software, Place2Give, Taulia
    • Finovate-F-Logo.jpgTaulia raises $27 million in series D funding.
    • CU Service Network partners with Insuritas to generate fee income for credit unions.
    • Cachet Financial Solutions partners with top five commercial bank in the U.S. to implement a prepaid mobile platform for supermarket chain.
    • BioCatch raises $10 million in Series A round. See them demo at FinovateFall 2014.
    • Malauzai Software partners with Trusteer to bring mobile security solutions to Customers Bancorp. Join Malauzai in New York in September for FinovateFall.
    • Place2Give launches MyPlace2Give.com to enable individuals to set up their own charitable giving fund.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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    Cachet Financial Solutions Prices IPO, Seeks to Raise More than $7 Million

    Cachet Financial Solutions Prices IPO, Seeks to Raise More than $7 Million
    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Cachet Financial Solutions

    Thumbnail image for CachetLogo.jpg

    Guess who quietly just went public?

    Cachet Financial Solutions announced the pricing of its initial public offering this week. The remote deposit capture (RDC) and mobile wallet solution provider will trade on the OTCBB under the ticker, CHTF CAFN (see update below). Four and a half million shares priced initially at $1.50 have been made available to the public.

    Update: Cachet Financial Solutions changes their ticker symbol to CAFN.

    Late in trading on Thursday, shares were up more than 1%.
    Cachet_financial_homepage
    The goal of the offering is to raise as much as $7.7 million (if an over-allotment option is fully exercised; closer to $6.7 million). Northland Capital Markets is the book-running manager for the IPO, with The Benchmark Company and MLV & Co. serving as co-managers.
    Cachet’s SEC filings provide some insights into the company’s finances – at least as of this spring. Cachet Financial Solutions’ revenues of more than $476,000 for the three months ending March 31, 2014 were up more than 145% from the same period a year ago. A comparison of Cachet’s net losses between the two periods reflects similar improvement, with the company trimming its losses by more than 53%. As of March 31, Cachet had more than $91,000 in cash and cash equivalents.
    Known for its RDC and mobile money management solutions, Cachet Financial Solutions is a cloud-based, software-as-a-service innovator. With recent deployments at Navy Federal Credit Union, FirstView LLC, and The Bancorp Bank in just the past month, Cachet Financial is taking advantage of the growing interest among banks and FIs to provide better experiences for their customs via technology.
    Founded in 2010 and headquartered in Minneapolis, Minnesota, Cachet Financial Solutions demoed its technology at FinovateFall 2012 in New York. See a video of the company on stage here.

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    Alumni News– July 10, 2014

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Betterment, Braintree, Cachet Financial Solutions, DoubleBeam, Doxo, Finect, Fiserv, Holvi, Loop, Oink, Personal Capital, Ripple, Segmint, Wealthfront
    • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgOptimal Payments announces partnership with Oink.
    • Braintree releases v.zero SDK, featuring support for Pay with PayPal.
    • Bank Innovation highlights leaders at Ripple, LoopPay, Finect, and Fiserv in its list of 30 key innovators in fintech.
    • Segmint named a Preferred Vendor of MAGNET Global Network.
    • Holvi preps to launch into Irish marketplace.
    • doxo named one of Washington State’s 100 Best Companies to Work For 2014 by Seattle Business magazine.
    • Think Advisor features the different approaches of 3 robo-advisors: Betterment, Personal Capital, and Wealthfront.
    • Cachet Financial Solutions prices Initial Public Offering.
    • DoubleBeam’s GoPago POS system is enabling Slyde, a mobile commerce beacon-enabled shopping app.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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    Alumni News– June 25, 2014

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Cachet Financial Solutions, Fiserv, Kreditech, Loop, Oink, P2BInvestor, ReadyForZero, SafetyPay, vaamo, Yseop
    • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKreditech raises $40 million in series B round.
    • Charge! LoopPay launches its iPhone ChargeCases.
    • Fiserv announces new partnerships and renewals with four credit unions.
    • Navy FCU chooses Select Mobile Money prepaid mobile app from Cachet Financial Solutions.
    • P2Binvestor adds three Colorado companies to its portfolio in June.
    • Ian McKenna examines how Yseop’s artificial intelligence can help financial advisors.
    • Vaamo launches Goal-Based Savings Platform on Invite-Only Basis.
    • Oink (formerly VirtualPiggy) and SafetyPay partner to enable Oink to accept local payments as they expand into Europe and Latin American markets.
    • ReadyForZero launches API to enable partners to deploy its debt-management platform on their own sites.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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    Alumni News– June 13, 2014

    By David Penn Posted on
    Categories: Cachet Financial Solutions, Credit Agricole, Digital Insight, EyeVerify, GoBank, Jumio, Loop, PayPal, Qapital, Ripple, SocietyOne, Zopa
    • Finovate-F-Logo.jpgAstroPay launches Ripple LatAm, a licensed money service business to use Ripple Labs’ payment network.
    • Ron Shevlin looks at Credit Agricole’s bank-run mobile app store.
    • FirstView selects Cachet Financial Solutions to develop a prepaid mobile app to offer to FirstView cardholders.
    • Financial Review: James Packer, Lachlan Murdoch eye stake in peer-to-peer lender SocietyOne.
    • Jumio brings NetSwipe to the mobile web for companies without a native app.
    • PayPal rolls out PassPort to give merchants a resource for stats, tips and general information on selling internationally.
    • Zopa wins Most Trusted Loan Provider and Most Trusted Specialist at 2014 MoneyWise Customer Service Awards.
    • Thinking Bigger features the team from EyeVerify.
    • Green Dot announces new GM of GoBank, Joshua Goines.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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