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Cachet Financial Solutions Names Former Visa Executive, Walt Granville, as New SVP of Mobile Innovations

MINNEAPOLIS, Nov. 17, 2015 (GLOBE NEWSWIRE) -- Cachet Financial Solutions (OTCQB:CAFN), a leading financial technology (fintech) provider of cloud-based remote deposit capture (RDC) and mobile money solutions, has named Walt Granville as SVP of Mobile Innovations. Granville will be responsible for driving new mobile innovations for Cachet’s award-winning Select Mobile™ Money platform.

Granville brings a successful 20-year track record of delivering and sustaining profits within the highly competitive payments, loyalty, offers and mobile markets. Prior to joining Cachet, Granville was Vice President, Global Partnerships for Monitise Group. Previously he served in key leadership roles in mobile, emerging payments, loyalty and card markets, including leading the Visa Global Information Products team dedicated to the development, sales and implementation of new data and technology innovations leveraging the core Visa payments network.

“Walt is a highly respected financial services technology executive and we are very pleased to welcome him to the Cachet team,” said Jeffrey Mack, president and CEO of Cachet Financial Solutions. “We look forward to leveraging Walt’s considerable mobile and payments technology expertise to drive innovations that further optimize the value our mobile money platform delivers to our financial services clients.”

About Cachet Financial Solutions, Inc.

Cachet Financial Solutions is a leading financial technology provider of mobile money and remote deposit capture solutions for PC, Mac and mobile. Founded in early 2010, Cachet has quickly grown into an industry 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 10K filed with the Securities and Exchange Commission on April 14, 2015 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.

Media Contact: Judy German, VP & CMO Cachet Financial Solutions, Inc. 952.698.6991 jgerman@cachetfinancial.com Investor Relations: Darin McAreavey, EVO & CFO Cachet Financial Solutions, Inc. 952.698.5214 dmcareavey@cachetfinancial.com

Source:Cachet Financial Solutions