Alpaca Secures $15 Million Investment and Partnership with SBI Holdings
Alpaca, a commission-free stock trading API provider, has announced a strategic partnership and a $15 million investment from Japanese financial services group SBI Holdings. This collaboration aims to accelerate Alpaca’s expansion in Asia, particularly in Japan, where SBI Holdings holds significant influence in the financial sector.
As part of Alpaca’s series B funding round, which raised a total of $50 million, this investment will be used to enhance product development, customer support, and global expansion. The round was led by Tribe Capital and saw participation from existing investors such as Spark Capital, Portag3, Social Leverage, and Horizons Ventures.
About Alpaca
Founded in 2015 by former engineers and entrepreneurs from Japan, Alpaca provides an API trading platform that enables developers and traders to build and execute algorithmic trading strategies. Their API supports various features like market data, order execution, account management, and brokerage integration. With headquarters in San Mateo, California, Alpaca serves over 60,000 users worldwide.
About SBI Holdings
SBI Holdings is a prominent financial services group in Japan with businesses spanning securities, banking, asset management, insurance, and fintech. The company has a strong presence in the region and actively invests in emerging technologies such as blockchain, artificial intelligence, biotechnology, and digital currency.
Creating Synergies for the Fintech Industry
The partnership and investment between Alpaca and SBI Holdings are expected to bring mutual benefits and synergies for both parties as well as the fintech industry in Asia. By leveraging their respective strengths and expertise, they aim to provide innovative and accessible trading solutions to customers and partners in the region.
Source: Crypto News
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