Cachet Financial Solutions is a leading financial services technology company, specializing in commercial and consumer remote deposit capture (RDC) solutions for financial institutions, credit unions, and financial service organizations.
RDC Select, our industry-leading platform has been designed to simplify the process for delivering, implementing, and servicing RDC. We've eliminated the need for our clients to build and manage their own RDC business.
Cachet's merchant capture solution (for both PC and Mac) and mobile applications provide greater freedom and flexibility for financial institutions and their customers. Our sophisticated marketing strategy and professional sales training program ensures our customers success with their RDC initiatives.
Let us help you Unleash the Power of RDC!

Type
Private
HQ
Chanhassen, US
Founded
2010
Size (employees)
34 (est)-12%
Cachet Financial Solutions was founded in 2010 and is headquartered in Chanhassen, US
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Key People/Management at Cachet Financial Solutions

Jeffrey C. Mack

Jeffrey C. Mack

Chairman
Brian S. Anderson

Brian S. Anderson

Chief Financial Officer and Vice President

Cachet Financial Solutions Office Locations

Cachet Financial Solutions has offices in Toronto, Chanhassen and Plano
Chanhassen, US (HQ)
Southwest Tech Center A 18671 Lake Drive East
Plano, US
116 1400 Preston Rd
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Cachet Financial Solutions Financials and Metrics

Summary Metrics

Founding Date

2010

Total Funding

$21.8 m

Latest funding size

$500 k

Time since last funding

2 years ago
Cachet Financial Solutions's latest funding round in March 2016 was reported to be $500 k. In total, Cachet Financial Solutions has raised $21.8 m

Cachet Financial Solutions Financials

Cachet Financial Solutions's revenue was reported to be $7.98 m in FY, 2016 which is a 85.4% increase from the previous period.
USD

Revenue (Q1, 2017)

2.5 m

Gross profit (Q1, 2017)

837 k

Gross profit margin (Q1, 2017), %

33.2%

Net income (Q1, 2017)

(2.7 m)

EBIT (Q1, 2017)

(2.2 m)

Cash (31-Mar-2017)

5.7 m
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

2.6 m4.3 m8 m

Revenue growth, %

62%85%

Cost of goods sold

2.7 m4.1 m5.4 m

Gross profit

(99.2 k)181.6 k2.6 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

608.9 k855.6 k1 m1 m1 m1.5 m2 m2.3 m2.5 m

Cost of goods sold

716.8 k829.9 k892.9 k975.3 k944.6 k1.2 m1.5 m1.3 m1.7 m

Gross profit

(107.8 k)25.8 k112.5 k26 k85.3 k309 k547.1 k973 k837 k

Gross profit Margin, %

(18%)3%11%3%8%21%27%42%33%
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

112.2 k44.8 k7 k

Accounts Receivable

314.7 k703.3 k2.9 m

Current Assets

909.4 k1.1 m3.2 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

29.5 k652.1 k199 k651.3 k123.2 k199 k260.4 k51 k5.7 m

Accounts Receivable

312 k441.8 k557.3 k629 k563.4 k669.2 k1.4 m2.1 m4 m

Current Assets

1 m1.6 m1.2 m2.4 m1.2 m1.7 m2.7 m3.8 m11.8 m

PP&E

269.8 k240 k383.8 k711.2 k649.8 k635.3 k707.5 k633 k646 k
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

(15.7 m)(18.3 m)(15.2 m)

Accounts Payable

746.6 k443.7 k1.3 m

Cash From Operating Activities

(7.4 m)(9.4 m)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(4.2 m)(5.2 m)(3.2 m)(8.9 m)(7 m)(4.6 m)(3.6 m)(4.1 m)(2.7 m)

Accounts Payable

1.6 m836.8 k1.2 m1.1 m1.2 m1.6 m1.8 m2.1 m2.3 m
USDY, 2017

Revenue/Employee

37.6 k

Financial Leverage

2.4 x
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