Square’s expansion into Uptown Station underscores what fintech entrepreneurs have been saying for some time: Oakland is hot and only getting hotter.
Square’s new lease taking all of Oakland’s Uptown Station signals the growing popularity of the East Bay’s largest city for fintechs and other startups.
Fintech entrepreneurs say Square moving into the city in such a big way — the payments company plans to start moving in about 2,000 employees beginning later this year — means a lot more energy and talent will be drawn into Oakland.
Square’s move represents a tripling of Oakland’s fintech workforce, which the city estimates to be just under 1,000 people.
“We have a small but growing tech sector in Oakland,” said Marisa Raya, economic development specialist for the city of Oakland.