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Carvana Stock Falls Short On First Day Of IPO

PYMNTS

Founded in 2012, the Phoenix-based company sells cars through its website and operates automated towers that store cars in U.S. Wells Fargo Securities, LLC, Bank of America Merrill Lynch, Citigroup Global Markets, Inc. are acting as joint book-running managers for the offering. Carvana Co., and Deutsche Bank Securities, Inc.

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Macy’s Gives Boost to Its Digital Team

PYMNTS

Starting at the company in 2012 as Macy’s VP of engineering, Anwar founded MacysLabs. Mike Robinson also rose through the ranks at Macy’s and was just named the executive VP of product management and customer experience. Macy’s CEO, Jeff Gennette, commented on these two new strategic hires. ”

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AdoreMe: Giving Lingerie A High Tech Touch

PYMNTS

Lucaciu is the chief technology officer of Adore Me , an eCommerce and brick-and-mortar retailer that has adjusted to disruptive changes in its market, including the bankruptcy of the parent company of Victoria’s Secret. Since it was founded in 2012, the company has grown to a team of 140 employees across the U.S.

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VCs Pump More Cash Into Invoice Finance

PYMNTS

Platform Black has been in the industry for a while since launching in 2012. In a statement, Platform Black Managing Director Caroline Langron called the funding a “milestone” that will help continue the company’s growth trajectory. the company said. It has also reported a zero default rate for the fiscal year ended March 2016.

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Nordstrom Brings On Former Amazon Exec

PYMNTS

Chain Store Age reports that the luxury retail chain has named as its CTO, Kumar Srinivasan, previously of Amazon — where he served as vice president of Amazon Web Services from 2005–2008, then as general manager of Amazon Payments from 2008–2010.

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Fenergo Brings its Client Lifecycle Management Innovations to ABN AMRO

Fintech Labs Insights

ABN AMRO is the latest bank to choose Client Lifecycle Management solutions from Fenergo. ABN AMRO’s Helène Erftemeijer elaborated on the role Fenergo’s technology will play in helping the bank improve the user experience for its clients. “Fenergo is the technology platform that will underpin this initiative.”

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Big Banks Steal The B2B VC Show

PYMNTS

Since its launch in 2012, the firm said it has facilitated $178 million worth of invoice financing to local SMEs. The company has pinpointed market demand, while hiring the talented management team required to create the next great company in the security space.” Platform Black also claims a zero default rate for FY2016.

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