B2B Mobile Wallet Startup Cachet Is Banking More Money


Minneapolis-based Cachet Financial Solutions has captured $2.4m of a $2.9m Series B funding round, per SEC disclosure.

Cachet specializes in mobile wallet technology such as remote deposit capture, serving banks, credit unions, prepaid programs, and payday lenders.

Midwest Capital Call 2015

Led by co founder and CEO Jeff Mack, Cachet has raised an estimated $10m – $15m since inception five years ago; last May the firm considered a $20m public offering.