Cachet Financial Solutions

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!

Company Growth (employees)
Type
Private
HQ
Chanhassen, US
Founded
2010
Size (employees)
71 (est)
Cachet Financial Solutions was founded in 2010 and is headquartered in Chanhassen, US

Key People 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 Chanhassen, Plano and Toronto
Chanhassen, US (HQ)
Southwest Tech Center A 18671 Lake Drive East
Plano, US
116 1400 Preston Rd

Cachet Financial Solutions Data and Metrics

Summary Metrics

Founding Date

2010

Total Funding

$24.3 m

Latest funding size

$500 k

Time since last funding

about 1 year
Cachet Financial Solutions's latest funding round in March 2016 was reported to be $500 k. In total, Cachet Financial Solutions has raised $24.3 m

Cachet Financial Solutions Financial Metrics

Cachet Financial Solutions's revenue was reported to be $8 m in FY, 2016 which is a 85% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

8 m

Revenue growth (FY, 2015 - FY, 2016), %

85%

Gross profit (FY, 2016)

2.6 m

Gross profit margin (FY, 2016), %

32%

Net income (FY, 2016)

(15.2 m)

EBIT (FY, 2016)

(7.4 m)

Cash (31-Dec-2016)

7 k
Numbers are in $, 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

Gross profit Margin, %

(4%)4%32%

Sales and marketing expense

2.9 m3.4 m4 m

R&D expense

2.7 m2.6 m1.9 m

General and administrative expense

4 m3.9 m4.1 m

Operating expense total

9.5 m10 m10 m

EBIT

(9.6 m)(9.8 m)(7.4 m)

EBIT margin, %

(363%)(228%)(93%)

Interest expense

5.7 m

Net Income

(15.7 m)(18.3 m)(15.2 m)
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Cash

112.2 k44.8 k7 k

Accounts Receivable

314.7 k703.3 k2.9 m

Inventories

Current Assets

909.4 k1.1 m3.2 m

PP&E

295.9 k664.4 k696 k

Goodwill

204 k204 k204 k

Total Assets

3 m2.8 m4.5 m

Accounts Payable

746.6 k1.1 m2.2 m

Current Liabilities

4.1 m7.9 m11.5 m

Additional Paid-in Capital

47.3 m60.2 m69.1 m

Retained Earnings

(51.7 m)(69.3 m)(84.5 m)
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Net Income

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

Accounts Receivable

314.7 k(388.6 k)(2.4 m)

Inventories

Accounts Payable

746.6 k443.7 k1.3 m

Cash From Operating Activities

(7.4 m)(9.4 m)

Purchases of PP&E

(135 k)(44 k)

Cash From Investing Activities

(135 k)(44 k)

Cash From Financing Activities

7.5 m9.5 m

Interest Paid

219 k875 k
Numbers are in $, USDY, 2016

Revenue/Employee

128.2 k

Cachet Financial Solutions Online and Social Media Presence

Cachet Financial Solutions News and Updates

Cachet Financial Solutions Company Life and Culture

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