Citi employees can now hail a ride using Uber

Amazon smartphone

Citigroup employees can now hail a ride using Uber Technologies’ mobile-phone application as the lender joins other banks in allowing workers to use the service on business trips.

“As a global company, it is critical that our employees have access to the most reliable and efficient travel options wherever we operate,” Kamran Mumtaz, a spokesman for the bank, said today in an e-mailed statement.

Bloomberg News reports that Citigroup, the top underwriter of U.S. equity offerings this year, joins Morgan Stanley, Deutsche Bank and Barclays in supporting Uber, which may be among the next Silicon Valley firms to access the public markets.

Uber, started by Chief Executive Officer Travis Kalanick and co-founder Garrett Camp in 2009, was close to raising a round of financing that would give it a valuation of as much as $40bn, people familiar with the situation said last week.

To access the complete Bloomberg News article hit the link below:

Citigroup Lets Employees Hail Rides With Uber for Business Trips

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