Minneapolis, MN based Cachet Financial Solutions (Ticker: CAFN) 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.
CAFN today announced that it has appointed Bryan Meier as Executive Vice President and Chief Financial Officer. Meier will oversee corporate finance, accounting, investor relations and reporting for Cachet. He will also serve on the company’s executive team and report to Cachet’s President and Chief Executive Officer, Jeffrey Mack.
Meier brings more than 25 years’ experience to Cachet, including an extensive background working with public companies, corporate finance, operations management, financial planning and analysis, mergers and acquisitions, and investor relations. Meier began his career at Arthur Anderson and has since served in numerous CFO positions from startups to $4 billion corporations. Most recently, Meier was CFO/COO for Recovery Technology Solutions, Inc., where he identified areas to help increase sales and EBITDA by 35 percent and 85 percent respectively. Meier was Vice President and CFO for Phoenix Solar, Inc. in San Francisco, where he drove revenue growth from $0 to $100 million during a 3-year period. At Verasun Energy Corporation, where he served as CFO, he helped grow sales from $500 million to $4 billion over a 2-year period. Previously, Meier served in various financial executive roles for HM Capital Partners, private equity portfolio companies, where he spearheaded and managed a $600 million IPO and a $200 million public debt offering.
President and Chief Executive Officer, Jeffrey Mack stated, “Bryan is an accomplished executive with significant financial and operational expertise, and I’m thrilled to welcome him to Cachet. He will be an exceptional addition to our team as we continue to navigate rapid growth and transformation from start-up to industry trailblazer.”
Bryan Meier as Executive Vice President and Chief Financial Officer stated, “It is a tremendous opportunity to join Cachet at such an exciting time. I’m eager to work with Jeff and Cachet’s executive team to help scale the highly innovative and fast growing business for long-term operational and financial success.”
Cachet’s former CFO, Darin McAreavey, has accepted an opportunity outside of the company, but was appointed to Cachet’s Board of Directors, effective February 15th, and will serve as Chairman of the Audit Committee.
Recently, CAFN announced that it will deploy its enhanced Select Mobile™ Deposit solution for Whitaker Bank Corporation. The Kentucky-based bank, which has $2.1 billion in assets and 46 locations, expects to begin offering mobile deposit to its mobile banking users by April, 2016, via integration with the bank’s mobile banking provider, MEA.
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