Cache Financials Inc.
Overview
Cache Financials Inc., based in San Francisco, California, is a fintech company specializing in providing tax-efficient diversification solutions for investors with concentrated stock positions. Founded in 2022 by Srikanth Narayan, Cache aims to democratize access to sophisticated financial instruments traditionally reserved for the ultra-wealthy. With a core focus on exchange funds that facilitate portfolio diversification without triggering capital gains taxes, the company has successfully raised $12.5 million in Series A funding. It operates as both a broker-dealer and an investment advisor, registered with the SEC.
Recent Developments
- August 2025: Cache announced it had raised $12.5 million in Series A funding led by First Round Capital, valuing the company at $125 million. This funding round was also supported by notable angel investors from the technology and finance sectors. With the infusion of capital, Cache plans to expand its platform capabilities and grow its team.
- August 2025: The company has surpassed $625 million in assets under management, reflecting robust market traction and validating its business model centered on tax-efficient diversification.
- July 2025: Cache introduced new exchange funds benchmarked against the S&P 500, in addition to its existing Nasdaq-100 products, enhancing its suite of offerings for diverse client needs.
- April 2025: Cache surpassed the $300 million AUM milestone, marking significant growth since its inception. The company credits this growth to its innovative financial solutions that bridge the gap between asset concentration and diversification.
- March 2024: Cache launched its platform, immediately gaining attention for offering lower entry requirements compared to traditional exchange funds, with a minimum investment of $100,000—far below the industry norm.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2022 |
| Headquarters | San Francisco, California |
| Founders | Srikanth Narayan |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | First Round Capital, Quiet Capital, Amar Hanspal, Tim Kochis |
| Industry | Fintech, Wealth Management |
| Number of Employees | Approximately 14 |
Early History
Cache Financials Inc. emerged from Srikanth Narayan's personal challenge with concentrated stock positions during his tenure at major tech firms like Uber and Waymo. Recognizing the tax implications associated with diversification, Narayan sought out sophisticated financial tools. Recognizing a market need, he founded Cache to provide broader access to exchange funds—investment vehicles historically available only to high-net-worth individuals through private banks. Prior to its public launch in March 2024, Cache operated in stealth mode, meticulously building its technical and regulatory infrastructure to deliver modern exchange fund solutions to a wider market.
Company Profile and Achievements
Cache Financials Inc. operates primarily as a broker-dealer and investment advisor, focusing on managing large, concentrated stock positions. Its flagship offering, the Cache Exchange Fund, allows investors to swap their concentrated stock holdings for a diversified portfolio, deferring capital gains taxes until the point of sale. This innovative approach facilitates broader access to tools previously limited to institutional investors. Since inception:
- Innovations: Cache introduced its proprietary "Index Sync" technology to better manage portfolio composition and index tracking.
- Strategic Partnerships: Collaborated with custodians like BNY Mellon for secure asset management.
- Advisory Board: Cache's advisory board includes industry veterans like Peter Crawford of Charles Schwab, contributing decades of expertise to guide company growth.
- Client Base Expansion: In just over a year, Cache attracted a diverse client base, including executives, startup employees, and wealth management firms.
- Assets Under Management: Grew AUM rapidly, surpassing $625 million within 17 months of platform launch, indicating strong market adoption.
Current Operations and Market Position
Currently, Cache continues to push the boundaries of financial inclusivity by lowering barriers to entry for exchange fund investment. Operating with a focus on tax efficiency, the company serves a wide range of investors dealing with stock compensation from tech giants, offering modern solutions that were once exclusive to the financially elite. With a burgeoning asset base, Cache positions itself as a formidable player in the wealth management industry by leveraging technology to optimize portfolio strategies, retain competitive pricing, and streamline investor onboarding processes.
Conclusion
Cache Financials Inc. stands as a transformative force in the fintech space, providing inclusive access to high-caliber financial tools. By bridging the gap between complex financial products and broader investor pools, it significantly impacts wealth management strategies for concentrated positions. As equity compensation becomes increasingly common across industries, Cache's forward-thinking solutions are poised to gain more traction, potentially setting industry standards for democratized investment opportunities and continued market expansion.