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The company is rumored to be looking to branch out into the fintech industry, which would presumably include a hiring push in New York City and may eventually include banking. It is said to be looking for a much larger office space that is somewhere between 250k and 300k square feet in the city.
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CNBC reported that the NY team could begin the planning stages for the creation of a bank account, which would give the company control of all payments made by customers, and may undercut the need to pay other banks transaction fees for ride-sharing or food delivery. However, the launch could still be years away. Uber did not immediately return Yahoo Finance’s request for comment.
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