Leading Mobile FinTech Provider Cachet Financial Solutions Adds Highly Regarded Entrepreneur Ruth Owades To Board of Directors
Minneapolis, MN based Cachet Financial Solutions (Ticker: CAFN) is a leading cloud-based, SaaS technology provider serving the financial services industry with prepaid 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 largest and most respected financial organizations. With solid growth, an impressive client base and award-winning technology, Cachet continues to innovate and deliver world-class solutions to financial institutions of all sizes. The company’s industry-leading solutions help clients 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 suite of business and consumer solutions, financial institutions can better serve the needs of all their customers.
Cachet Financial Solutions, Inc. (CAFN) announced today that they have appointed highly experienced, accomplished entrepreneur, CEO and corporate director, Ruth Owades to its board of directors. In 1989, Ms. Owades founded Calyx & Corolla, a fresh flower catalog and website, and served as its Chief Executive Officer and Chairman from inception through 2002, at which time that company was sold to an investor group. From 1980 to 1988, Ms. Owades served as the Chief Executive Officer of Gardener’s Eden, a gardening tools, furniture and accessories company that was founded by Ms. Owades. In 1982, Gardener’s Eden was purchased by Williams-Sonoma. Ms. Owades also provides advisory and mentoring services to early stage companies, including helping management establish progress milestones, finalize funding strategies, analyze consumer behavior trends, and explore joint ventures and alternate revenue streams.
Jeffrey Mack, Cachet’s CEO stated, “We are delighted to welcome Ruth to Cachet’s board of directors. I am excited about the entrepreneurial experience and marketing insights Ruth brings to Cachet and confident she will make an important and positive impact on our company.”
Ms. Owades stated, “Cachet is transforming the way financial services are being delivered today. I’m looking forward to working with Jeff and the rest of the board to identify new opportunities to build on Cachet’s success and help the company reach its full potential.”
In addition to serving on Cachet’s board of directors, Ms. Owades serves on the board of directors of Northern Trust Western Region, Ultra Capital, diaTribe Foundation and Technion—the Israel Institute of Technology. She previously served as a director of Armstrong World Industries, Deckers Outdoor Corporation, J. Jill Group, Newsy, and Providian Financial.
Ms. Owades is a graduate of Scripps College and earned an MBA Degree from Harvard Business School. She was recognized by her alma maters with the Distinguished Alumna Award from Scripps and the Alumni Achievement Award from Harvard Business School. She has served on the Board of Dean’s Advisors for Harvard Business School and is a Life Trustee of Scripps College. In 2009, she was presented with the Fulbright Lifetime Achievement Medal in Washington D.C., and in 2013, she was the Commencement Speaker at Scripps College.
Ms. Owades has been a guest speaker at Google, IBM, Harvard Business School, Stanford Graduate School of Business, London Business School, Oxford University and California Institute of Technology.
Vista Partners recently updated coverage on Cachet Financial Solutions, Inc. (Ticker: CAFN) (“The Company,” or “CAFN”) with a twelve-month price target of $2.50. Vista Partners, stated, “Minneapolis, MN based fintech firm CAFN enjoys a highly scalable financial technology SaaS business model with expanding product offerings, recurring revenue streams, extensive cross-sell & upsell opportunities within its existing diverse client base of financial organizations. In addition, the Company recently reiterated in its Q1 2016 earnings conference call held last week that it expects 2016 annual revenue to increase in the range of 84% to 132% versus 2015”.
To download a FREE copy of the Cachet Financial Solutions, Inc. (Ticker: CAFN) research report, please visit http://www.vistapglobal.com and click the “download research” icon to gain access to the report.
Shares of CAFN were up 3.65% today!
Cachet is due to file its Q2 results sometime within the first two weeks of August 2016!
Stay tuned in and always strive to learn more….