Uber Technologies Inc. (NYSE: UBER) Expanding Financial Services, Hiring in New York

June 13, 2019 11:02:52
  • Uber is creating additional services beyond ride sharing
  • The company is looking to the fintech world to find better payment and lending solutions that increase customer loyalty
  • Uber is seeking new office space in New York for a team that could exceed 100 workers

Uber Technologies Inc. (NYSE: UBER) is working to go beyond providing convenient and affordable rides from point A to point B. The company is looking toward a future with self-driving technology, urban air transport, food delivery, accessible health care, freight-booking solutions and seamless employee travel. It should come as no surprise, therefore, that a recent CNBC article (http://nnw.fm/El1bY) highlighted the company’s creation of a new fintech outpost in New York in conjunction with an aggressive hiring spree.

Branching out from its hometown of San Francisco to New York provides the company with access to a larger fintech and banking talent pool. According to the article, the move is part of an effort to rise above other ride-sharing programs and increase customer loyalty. Currently, Uber has 93 million active users globally. These riders link credit cards or fund a wallet to pay for services, and Uber is looking to the fintech world to find better payment and lending solutions.

The company has already released fintech products including Uber Cash, Uber Rewards and a co-branded credit card. Solutions such as an Uber bank account are in discussions, though these offerings appear to be years away from becoming a reality.

Uber is actively seeking new office space — as large as 300,000 square feet— in New York to house the several dozen engineers, product managers and other workers on the company’s radar. This New York Uber team could eventually exceed 100 workers.

Uber is continuing to find solutions to create a world in which everyone has safe and easy access to transportation. The company is working to increase its services through inventive programs that address mass transit, provide autonomous driving, streamline payment solutions and develop new technologies and systems for safer rides — all on one tech platform.

For more information, visit the company’s website at www.Uber.com

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