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Stock and Crypto Trading API Services Company Alpaca Secures $15 Million in Convertible Notes From SBI Group

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

It is reported that Alpaca launched its cryptocurrency API in October 2021, and its cryptocurrency business has not yet generated significant revenue. However, Yoshi Yokokawa stated that the company expects growth in its cryptocurrency API business as the cryptocurrency market recovers. Alpaca's cryptocurrency API allows enterprises and developers to trade cryptocurrencies and stocks, and build applications that provide cryptocurrency and stock investment services in one API.

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