Cachet Financial Solutions, Inc. (OTCBB:CAFN) announced a private placement of an unsecured promissory note for gross proceeds of $200,000 on July 31, 2017. The note carries a fixed interest rate of 4% per annum. The transaction included participation from James L. Davis. The note matures on the earlier of the date the company enters into any financing, in the form of debt or equity, or October 29, 2017.