Financial technology firm Alpaca has announced the completion of its Series C funding, raising $52 million. These funds are aimed at broadening the company's global reach and enhancing its API.
Goals of New Funding
The new funding round was led by Derayah Financial and Portage Ventures. Co-founder Yoshi Yokokawa emphasized Alpaca's commitment to democratizing access to financial markets through its API-driven platform. The funds will particularly support expansion efforts in the United States, the Middle East, and Asia, as well as enhancements in trading services including 24/5 trading and fully paid securities lending.
Company Context and Development
This funding round reflects growing confidence in Alpaca's vision, with funds designated for improved API offerings and expanded market coverage. The company positions itself as a seamless infrastructure provider for fintech startups and institutions globally. Alpaca's reach extends to over 200 global partners, continuing to grow its influence in the industry.
Market Data and Insights
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Alpaca continues to strengthen its foothold in the fintech sector through the new funding, which facilitates expanded access to financial services and enhances user experience.
