Packages containing a Green Dot Corp. prepaid Mastercard Inc. debit card and Visa Inc. debit card, left, are arranged for a photograph in Washington, D.C., U.S., on Thursday, Feb. 15, 2018.
Green Dot, a fintech firm and biggest U.S. provider of prepaid debit cards, is moving its headquarters from Pasadena, California to Austin, Texas, CNBC has learned exclusively.
The move follows the departures announced last year of technology giants including Oracle, Palantir and Hewlett-Packard Enterprise.
Some companies, in particular tech firms, have embraced the shift to remote working forced by the coronavirus pandemic, and that's reduced the need to maintain large headquarters in expensive cities.
But the firm will maintain a presence in Pasadena as it expects many of its employees to remain there, he said.
that's, Dan Henry, Henry, I'm, Jamie Dimon, JPMorgan Chase, Green Dot
Dot Corp, Mastercard Inc, Visa Inc, Washington , D.C, U.S, CNBC, Oracle, Palantir, Hewlett, Packard Enterprise, JPMorgan
Washington ,, California, Pasadena , California, Austin , Texas, Texas, Florida , Ohio, Pasadena, U.S, China