CashStand provides payday loans and other traditional money store financial services from its brick and mortar store fronts within local communities throughout the United States. Money store financial services include money grams, debit card activations/reloads, electronic bill pay and check cashing. These payday loan and money store financial services are a multibillion dollar global industry serviced by both large publicly traded companies and small local independent operators.
CashStand, founded in 2009, is rapidly growing into over 600 existing storefronts across the United States whose primary business is currently insurance services; access to this store network is provided by one of CashStand’s strategic investors. The three mile radius market demographics and current customer base of the insurance stores are highly synergistic with these financial services businesses. There are nearly 80 million people within the U.S. who are underbanked in their current urban communities. CashStand distinguishes its services from other options available to its clientele through efficient and professional procedures, software systems and personnel.