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CAN Capital Announces Another Leadership Change With New CEO

PYMNTS

Alternative small business (SMB) lending platform CAN Capital announced on Wednesday (Jan. CAN Capital added Siciliano from commercial financing company Marlin Business Services , where he served in a variety of roles, including CEO and chief operating officer. 9) that Edward J.

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Apple Overhauls Leadership Ranks To Move Beyond iPhone

PYMNTS

In an attempt to lower its reliance on the iPhone, Apple is overhauling its leadership ranks and changing its priorities so that it is focused more on services, artificial intelligence, hardware and retail, reported The Wall Street Journal. Appleā€™s moves come at a time when demand for its iPhones is starting to slow.

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B2B Financing Firm FreightRover Reportedly Impacted By Celadon Fraud Scam

PYMNTS

It hasnā€™t exactly been the best of times lately for FreightRover , at least not when it comes to legal drama and company leadership. PYMNTS readers might recall that late last year, FreightRover secured $500 million in financing to fuel its factoring operations, with the capital coming from Crayhill Capital Management.

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Chime Commands $1.5B Valuation After Capital Raise

PYMNTS

According to a report in CNBC , the San Francisco startup said the Series D round of venture funding was led by DST Global , as well as new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group. The company also plans to double its size to more than 200 employees and expand its leadership team.

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UPS Capital Names New President

PYMNTS

UPS Capital, the financing arm of UPS, has a new president. The company named Mark Robinson as the new president of UPS Capital on Tuesday (Sept. Robinson follows Ron Chang, who is taking on a new role in corporate strategy reporting.

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Polish Investors Hopeful For eCommerce After Allegro IPO

PYMNTS

Executives at MCI Capital , the biggest publicly traded private equity firm in Poland, are optimistic that a recent record-breaking initial public offering (IPO) in the eCommerce space bodes well for the industry, Bloomberg reported. Online retailer Allegro.eu The transaction was assessed a huge success by the industry at the time.

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Starbucks New Investor: Pershing Square Capital Management

PYMNTS

Pershing Square Capital Management, the activist hedge fund controlled by activist investor William Ackman, now has about a 1.1 According to a report in CNBC at the time, Starbucks said it would slow down the pace of licensed store openings and will shutter underperforming ones that are in highly populated areas.

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