Alpaca, a San Mateo, CA-based provider of a brokerage platform for stock and crypto trading, received an investment of $15M from SBI Group.
The company intends to use the funds to accelerate its expansion of businesses and extend its reach to enterprise financial institutions for the clearing and execution of US securities in Asia.
Led by CEO Yoshi Yokokawa, Alpaca is a developer-first API brokerage platform that supports businesses globally, which offers stock and crypto trading, real-time market data, and end-to-end brokerage infrastructure through modern APIs.
Its platform supports businesses in close to 30 different countries such as Turkey, Saudi Arabia, Indonesia, Thailand, and India.
Alpaca has raised over $120m in funding and is backed by top investors in the industry globally, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Eldridge, Positive Sum, Elefund, and Y Combinator.
FinSMEs
14/10/2023