B2B Fintech Venture Cachet Financial Raises $4.4m

Minneapolis B2B fintech venture Cachet Financial Solutions continues to draw attention from investors. This time around, it’s a $4.4m late stage private placement per SEC disclosure, further corroborated by a recent news release.

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

““The financing recognizes the strong progress we’ve made over the last year as well as the abundant prospects for growth,” said the company’s president and CEO, Jeffrey Mack.