On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

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

  • 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

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Archives

Select A Month

Contact us: 212.418.1217