The stock and cryptocurrency trading API service company Alpaca has secured $15 million in funding from SBI Group in the form of convertible notes

2023-10-13 13:31:14

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ChainCatcher news, according to TechCrunch, stock and cryptocurrency trading API service company Alpaca has secured $15 million in funding from SBI Group in the form of convertible notes. Alpaca CEO Yoshi Yokokawa stated that this strategic investment brings the total funding for the Y Combinator-backed startup to $120 million since its establishment in 2015, which will accelerate Alpaca's expansion in Asia.

It is reported that Alpaca launched its crypto API in October 2021, and its crypto business has not yet generated significant revenue. However, Yoshi Yokokawa mentioned that with the recovery of the crypto market, the company expects growth in its crypto API business. Alpaca's crypto API enables businesses and developers to trade cryptocurrencies and stocks, and build applications that provide cryptocurrency and stock investment services within a single API.

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