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Successful Entrepreneur Ruth Owades Joins Cachet’s Board of Directors

July 12, 2016

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MINNEAPOLIS, Minn. – July 12, 2016 – Cachet Financial Solutions, Inc. (OTCQB: CAFN), a leading mobile FinTech provider, has appointed highly regarded entrepreneur Ruth Owades to its board of directors.

Ms. Owades is a highly experienced, accomplished entrepreneur, CEO and corporate director.  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.

“We are delighted to welcome Ruth to Cachet’s board of directors,” stated Jeffrey Mack, Cachet’s CEO. “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.”

“Cachet is transforming the way financial services are being delivered today,” said Ms. Owades. “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.

About Cachet Financial Solutions, Inc.
Cachet Financial Solutions 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 remarkable 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. For more information, visit

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. Words such as "may," "likely," "anticipate," "expect" and "believes" indicate forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that 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 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 Annual Report on Form 10-K for the fiscal year ended December 31, 2015, filed with the Securities and Exchange Commission on April 14, 2016, under the heading "Risk Factors" and in the other reports we file with the Commission. You are cautioned not to place undue reliance on 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.

Cachet Contact:
Judy German, VP & CMO
Cachet Financial Solutions, Inc.
[email protected]


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