API stock brokerage Alpaca has closed a funding from investors including Spark Capital and Social Leverage
The capital injection was also supported by Portag3, Y Combinator, Fathom Capital and Zillionize.
This investment comes shortly after the FinTech revealed it had exceeded $1bn in transactions over the past 12 months, quicker than any other stockbroker, it claims.
Alpaca was built to make commission-free trading more widely available around the world, differentiating itself from others by offering developers the opportunity to easily integrate trading within their own applications rather than trying to draw them onto their on trading platform.
Silicon Valley-based Alpaca is a developer-first API stock brokerage which enables any business to create and connect algorithms to buy and sell stocks with zero commissions. To help investors, the company provides algorithm-based trading and real-time market data.
Spark Capital founder and general partner Santo Politi said, “Alpaca’s developer first approach has helped the company achieve ground-breaking growth in only the company’s first year of operations.
“As the company grows so will the portfolio of investment products that the company will be able to offer to the developer community.”
Alpaca recently finalised the integration of its commission-free stock trading platform with TradingView, an investing community with over 11 million active trades and investors offerings ideas, feedback and charting stocks, forex, futures, and cryptocurrencies.
Last year, the FinTech collected $3m in a funding round from backers including Global Brain, former MoneyForward CTO Chihiro Asano, D4V, Members of Berkeley Angel Network and others.
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