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Cachet Financial Solutions Receives Follow-On Order From Top 5 U.S. Bank to Deploy Three New Prepaid Mobile Platforms

MINNEAPOLIS, May 5, 2015 (GLOBE NEWSWIRE) -- Cachet Financial Solutions, Inc. (OTCQB:CAFN), a leading provider of cloud-based SaaS mobile money technologies to banks, credit unions and alternative financial services (AFS) providers, has expanded its partnership with a top five commercial bank in the U.S. to deploy three new prepaid mobile platforms for one of the world's largest supermarket chains.

In July 2014, the bank partnered with Cachet to deploy the company's award-winning Select Mobile™ Money prepaid mobile application to allow the grocery store's prepaid card users to view their balances and transaction detail, reload money, and transfer funds from inside the app. Due to the success of Cachet's mobile platform, the bank recently expanded its relationship with Cachet to deploy three new mobile platforms for two of the grocery store chain's largest regional subsidiaries, as well as for the chain's 700 convenience stores across 19 states.

The supermarket and convenience store customers will have access to a full suite of convenient mobile account services through Cachet's mobile platform. Prepaid card users can view balances and transaction detail, reload money, pay their wireless bill and transfer funds all from inside the app. Powerful back-end analytics and messaging capabilities will allow the supermarkets and convenience store chain to segment cardholder behavior as well as send relevant marketing messages to keep customers engaged in using the mobile application.

"Expansion of our partnership with this top U.S. bank reflects the strong value proposition of our best-in-class prepaid mobile platform, Select Mobile Money," stated Jeffrey Mack, president and CEO of Cachet Financial Solutions. "We continue to lead the industry in providing innovative and secure mobile functionality, which has become an increasingly critical requirement of financial services organizations. Cachet's solutions are proven to generate meaningful ROI for our clients by significantly enhancing the end user experience as well as extending the card life of prepaid programs."

About Select Mobile Money

Cachet's Select Mobile Money prepaid mobile platform is a cloud-based SaaS solution that enables financial institutions to offer their prepaid cardholders a full suite of convenient financial services in one easy-to-use mobile application. Available for iOS and Android systems, the Select Mobile Money platform can be integrated with existing card programs or used to develop a new prepaid card program, complete with feature-rich mobile app and branded general purpose reloadable prepaid card. The platform's powerful back-end analytics enable financial institutions to segment customers based on behavior and send relevant marketing notifications that keep customers engaged.

To learn more about Select Mobile Money, contact Cachet at info@cachetfinancial.com.

About Cachet Financial Solutions, Inc.

Cachet Financial Solutions is a leading cloud-based, SaaS technology provider serving the financial services industry with mobile money and remote deposit capture solutions for PC, Mac and mobile. Founded in early 2010, Cachet has quickly grown into a technology leader and trusted partner of some of the world's largest and most respected financial organizations. With remarkable growth, an impressive client base and award-winning technologies, Cachet continues to drive innovation and deliver world-class solutions to financial institutions of all sizes.

The company's industry-leading solutions help clients to increase customer engagement, grow revenues and gain competitive advantage. Cachet's cloud-based technology platform simplifies development, deployment and servicing of consumer and commercial solutions—minimizing cost and accelerating speed-to-market and ROI. Enabled by Cachet's complete suite of business and consumer solutions, financial institutions can better serve the needs of all their customers. For more information, visit www.cachetfinancial.com.

Forward-Looking Statements

This press release contains certain statements that would be deemed "forward-looking statements" under Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1933 and includes, among other things, discussions of our business strategies, future operations and capital resources. Words such as "may," "likely," "anticipate," "expect" and "believes" indicate forward-looking statements.

These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Forward-looking statements include statements about the anticipated closing of our initial public offering and the number of shares to be sold in the offering.

Forward-looking statements reflect our current views with respect to future events, are based on assumptions and are subject to risks and uncertainties. We discuss many of these risks in greater detail in our Current Report on Form 8K filed with the Securities and Exchange Commission on April 14, 2014 under the heading "Risk Factors" and in the other reports we file with the Commission. Given these uncertainties, you should not attribute undue certainty to these forward-looking statements. Also, forward-looking statements represent our estimates and assumptions only as of the date of this press release. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.

CONTACT: Media Contact: Judy German VP & CMO Cachet Financial Solutions, Inc. 952.698.6991 jgerman@cachetfinancial.com Investor Relations: Matt Glover or Michael Koehler Liolios Group, Inc. 949.574.3860 CAFN@liolios.com

Source:Cachet Financial Solutions

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