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.