Mobile banking startup Cachet Financial raising $1.5m

cachet financial solutionsMinneapolis-based software startup Cachet Financial Solutions is raising another round of investment capital to the tune of $1.5m overall with $500k secured, according to a recent SEC filing.

Co founded by ex banker Jeff Mack in 2010, Cachet’s technology applied to the financial services industry focuses on commercial and consumer remote deposit capture (RDC/mobile) for financial institutions, credit unions, and financial service organizations.

Cachet has been signing new national accounts left and right, maintains 50+ employees and has cumulatively raised over $10m since inception, including $8m already this year.

KC Associates