Uber Creeps Further into Financial Services

Uber’s IPO may not have gone as well as it would have hoped, but the company still has big plans to expand well beyond its humble beginnings as a ride-hailing app. The firm initially made waves a few years ago when it launched a branded debit card for its drivers. Since that time, Uber has crept more and more into financial services; the latest development is news that it is looking to hire several dozen engineers and product managers “to accelerate the creation of financial products with a new fintech outpost in New York,” according to CNBC. It seems like Uber’s designs on crashing the gates of financial services are only just beginning.