Alpaca, a San Mateo, Calif.-based crypto and stock investing platform for businesses from startups to Fortune 500s, closed the acquisition of a Japanese licensed broker-dealer, AlpacaJapan Co.,Ltd.
The amount of the deal was not disclosed.
This acquisition expands Alpaca’s global reach and open access to investing for people around the world.
Co-founded by CEO Morifumi Yotsumoto, a financial services veteran from Barclays and Lehman Brothers, AlpacaJapan offers a Japanese stock infrastructure product for Independent Financial Advisor businesses, after obtaining approvals to be a Type 1 Financial Instruments Business, Investment Advisory, and Agency Business in August 2021. AlpacaJapan is preparing to launch a US stock infrastructure product later this year.
Led by Yoshi Yokokawa, Co-Founder and CEO, Alpaca is a developer-first embedded financial technologies platform that’s raised over $70m in funding. It offers crypto and stock trading, real-time market data, and end-to-end brokerage infrastructure through modern APIs. The company is backed by top investors including Portage Ventures, Spark Capital, Social Leverage, Tribe Capital, Horizons Ventures, Eldridge, Positive Sum, Elefund, and Y Combinator. Securities are offered by Alpaca Securities LLC. Crypto services are offered by Alpaca Crypto LLC.
FinSMEs
19/07/2022