About Cashfac
Cashfac is a Financial Services company based in London (United Kingdom) founded in 1992 by Paul Ormrod. Cash management solutions are delivered via Virtual Bank Technology. It operates in the Financial Services and Technology sectors. Cashfac offers products and services including Virtual Account Management, Escrow Accounts, Payment Automation, Receivables Management, and Forward Cash Management. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Record to Report. Its legal entity is CASHFAC INITIATIVE LIMITED. Its competitors include Planixs and iGTB; 1 of its 2 listed competitors has raised funding.
Company details
Founded in 1992 and headquartered in London, United Kingdom, Cashfac operates in the financial technology sector. A platform based on Virtual Bank Technology is utilized to support cash management for banks, corporates, and public sector entities. Key services encompass balance and transaction reporting, analytics tools, corporate virtual banking, employee benefits management, multibank cash handling, receivables management, supply chain cash solutions, and virtual accounts.
- Headquarters London, United Kingdom
- Founders Paul Ormrod
- SectorsFinancial ServicesTechnology
- Phone•••• ••••
- Website cashfac.com/home-usa
- Social LinkedIn X YouTube
- Legal Name Cashfac Initiative Limited
- Date of Incorporation 21 Dec, 1990
- Jurisdiction LONDON, ENGLAND
- Latest Funding Round$92.52K (USD), Unspecified
May 2012
- Investors
Products & Services of Cashfac
Cashfac offers a comprehensive portfolio of products and services, including Virtual Account Management, Escrow Accounts, Payment Automation, Receivables Management, and Forward Cash Management.
Manages pooled bank accounts as virtual ones for efficient client handling
Provides hosted solutions for secure remote escrow management
Automates payments with digital controls for regulatory compliance
Automates receipt processes for real-time visibility and efficiency
Offers real-time cash flow forecasting and matching capabilities
Apps and channels of Cashfac
its YouTube channel Cashfac has 20 subscribers and 8 videos.
Videos from Cashfac
The most watched videos on Cashfac's YouTube channel, Cashfac (20 subscribers). Click a video to play it here.
More on Cashfac.
Funding Insights of Cashfac
- Total Rounds 7
- Last Round Unspecified — $92,522
- Investors Count 1
All 7 funding rounds of Cashfac with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2012 | $92,522 | Unspecified | – | – | – |
| Aug 2011 | $980,946 | Unspecified | – | – | – |
| May 2011 | $23,172 | Unspecified | – | – | – |
| Aug 2003 | $12,452 | Unspecified | – | – | – |
| Jan 2003 | $9.09M | Unspecified | – | – | – |
| Apr 2002 | $1.24M | Unspecified | – | – | – |
| Jun 1999 | Unspecified | – | – |
1 investors in total: 1 institutional.
Investors in Cashfac
Cashfac has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Elderstreet Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
UK tech companies are invested in by Elderstreet. | 1990 | elderstreet.com | London, United Kingdom |
Investor details for Cashfac
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
People of Cashfac
26 people are tracked at Cashfac (13 in leadership, 13 in team).
| Name | Role | Group |
|---|---|---|
Paul Ormrod | Founder | Leadership |
David Russell | Director Of Relationship Management | Leadership |
Teresa Van Rooyen | Director Of Quality Assurance | Leadership |
Lee Cottrill | Director Of Operations | Leadership |
Stuart Irvine | Head Of Saas And Support | Leadership |
Chrisa Edirneli | Head Of New Product | Leadership |
Michael Dymond | Director Of Solutions Consulting | Leadership |
Andy Blair | Non Executive Director | Leadership |
Jeremy Marchant | Chief Commercial Officer | Leadership |
Jack Rees | Head Of Marketing | Leadership |
Helena Mcinally | Company Secretary And Director Of Corporate Services | Leadership |
Kevin Stewart | Product Development Director | Leadership |
Tiffany Stockton | Director Of Implementation | Leadership |
Arun Bhardwaj | Test Manager | Team |
Sunil Sharma | Technical Delivery Manager | Team |
Thomas Walters | Managed Service Analyst | Team |
Stephen Akers | IT Support Analyst | Team |
Paul Bowman | Test Analyst | Team |
Carol Slater | Business Support Manager | Team |
Georgios Gkavranis | Senior .net Developer | Team |
6 more people are available in the full profile.
Complete people profiles for Cashfac
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Cashfac
3 dated milestones of Cashfac across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Cashfac is founded.
- Funding First funding round.
- Funding Latest funding round, Unspecified, of $93K.
Competitors of Cashfac
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| planixs.com | 2011 | Manchester, United Kingdom | $4.58M | 62 | Treasury management software is provided for banks' financial operations. | |
| igtb.com | 2014 | London, United Kingdom | 5,717 | Delivers AI-enabled global transaction banking solutions for businesses. |
Detailed competitors of Cashfac
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Cashfac
The website of Cashfac (cashfac.com) receives about 1.9K visits a month.
- Monthly visits1.9K
▼ 2.4% vs previous month
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Cashfac (Banking & FinTech Platforms) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | 3,462 | ||
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 |
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Related news about Cashfac
Complete news archive for Cashfac
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Frequently Asked Questions about Cashfac
Cashfac was founded in 1992 and raised its 1st funding round 7 years after it was founded.
Cashfac is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Founded in 1992 and headquartered in London, United Kingdom, Cashfac operates in the financial technology sector. A platform based on Virtual Bank Technology is utilized to support cash management for banks, corporates, and public sector entities. Key services encompass balance and transaction reporting, analytics tools, corporate virtual banking, employee benefits management, multibank cash handling, receivables management, supply chain cash solutions, and virtual accounts.
Cashfac offers Virtual Account Management, Escrow Accounts, Payment Automation, Receivables Management, and Forward Cash Management.
Cashfac has 1 investor. Key investors include Elderstreet Investments.
Cashfac operates through Cashfac Initiative Limited.