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Brokerage platform Alpaca plots Asian expansion with SBI partnership

October 13, 2023

Alpaca partners with Japan’s SBI Group to expand in Asia.
SBI Group, the second-largest brokerage firm in Japan, invests $15 million in Alpaca.
SBI commits to supporting Alpaca’s growth and introducing new products.
Alpaca acquires a broker-dealer license from Japan’s FSA for providing brokerage infrastructure.
Alpaca’s CEO sees the partnership as a way to open financial services to a global audience.
Alpaca, based in California, serves 150+ businesses across 30 countries.
Alpaca previously raised $50 million in a 2021 Series B funding round and has $120 million in total funding.