Thursday, July 30, 2015

Cachet Financial Solutions, Inc. (CAFN) Providing Cutting-Edge Technology to Evolving Financial Services Industry

Cachet Financial Solutions, Inc. (OTCQB: CAFN) is a leading cloud-based, SaaS technology provider serving the financial services industry. Since its founding in 2010, the company’s proprietary mobile money and remote deposit capture (RDC) solutions have helped it grow into a technology leader, forming partnerships with some of the world’s largest and most respected financial organizations. This established position in the RDC market is expected to provide Cachet with a platform for considerable growth moving forward. According to a report by the Credit Union Times, more than 70 percent of U.S. financial institutions have implemented or plan to implement RDC technology within the next year.

In recent months, Cachet has continued to build upon its industry presence, deploying RDC solutions for a collection of national and regional banks. Most recently, the company announced an agreement with Los Angeles-based 1st Century Bank to provide its innovative Select Business™ Merchant Capture platform for small business RDC capabilities, effectively improving the ability of the bank’s customers to monitor and manage their businesses while on the road.

“It’s very exciting to see the growing interest and demand for Cachet’s Select Business RDC solution,” Jeffrey Mack, president and chief executive officer of Cachet, stated in a news release. “Select Business is helping more and more banks… improve market position by strengthening relationships with their current business customers, attracting new business customers and reducing costs by minimizing routine branch transactions.”

In the first quarter of 2015, Cachet leveraged the overall marketability of its platforms to realize strong financial growth. By selling 37 new products during the three month period, the company increased its estimated cumulative contract value by 70 percent over the same quarter in the previous year. As a result, Cachet realized a 111 percent year-over-year increase in total revenues, recording $1 million for the quarter. As of its latest financial results, the company’s products were in use by 340 individual bank and credit union customers, further demonstrating Cachet’s extensive market growth in just five years of operation.

“We plan to build on our momentum as we move through 2015, which will lay the foundation for more strong growth and profitability in 2016,” continued Mack. “Our success will be measured by signing new customers as well as upselling and cross selling our existing customers, with this leading to higher recurring revenue, and ultimately cash flow profitability.”

With an estimated 79 percent of adults between the ages of 18 and 29 now owning smartphones and scores of new consumers embracing the mobile prepaid market each and every day, Cachet is in a favorable position to capitalize on the ongoing evolution of the nation’s banking industry, promoting sustainable returns for the foreseeable future. For prospective shareholders, the company’s continued commitment to innovation and expansion of its customer base combine to make it an intriguing investment opportunity in the months to come.

For more information, visit www.cachetfinancial.com

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.

Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net

The Quality Stocks Daily Blog http://blog.qualitystocks.net

The Quality Stocks Daily Videos http://videocharts.qualitystocks.net

 The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net

Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net

No comments: