Edina-based software company Cachet Financial Solutions raises $165k


Cachet Financial SolutionsA recent SEC filing points us to Cachet Financial Solutions Inc., the Edina, MN-based creator of software platform ‘RDC Select’.  From the company’s website:

“RDC Select helps financial institutions deepen their existing customer relationships and improve their own efficiencies and bottom lines. Through RDC Select, we have simplified the installation, deployment, maintenance and marketing of the remote deposit capture process. Our unique training and marketing strategy support allows our customers to focus less on the technology and more on their key clients and prospects. Through RDC Select we provide the tools and roadmap to execute an efficient, profitable RDC initiative.”

According to the document, Cachet received an unattributed investment of $165k, with proceeds (in part) going towards debt-obligation, working capital and salaries.