Alpaca seals $15m strategic investment from Japan’s SBI to boost Asian financial services

Alpaca seals $15m strategic investment from Japan's SBI to boost Asian financial services

In a pivotal stride towards expanding its Asian business operations, Alpaca, a global brokerage platform specialising in stock trading, has announced a new strategic alliance with SBI Group, a leading financial services group in Japan.

With an illustrious reputation for supporting the launches of myriad investing businesses worldwide, Alpaca looks poised for a vigorous growth trajectory, utilising this alliance to further extend its influence and capabilities across Asian enterprise financial institutions, particularly focusing on the clearing and execution of US securities in the region.

Marking its commitment and belief in Alpaca’s innovative potential, SBI has infused a hefty $15m into Alpaca’s coffers. The strategic partnership manifests not only in monetary terms but also through a collaborative pledge from both entities to fuel Alpaca’s future growth. This commitment will be channelled through collaborative business development efforts and the introduction of innovative products, aligning with both businesses’ forward-thinking ethos in the financial sector.

Alpaca, lauded for providing resources specially designated to expanding its Asian business, achieves this through a recently acquired broker-dealer licence under the Japan Financial Services Agency (FSA). This specific licence propels Alpaca’s capacity to supply brokerage infrastructure to enterprise financial institutions and startups, thereby enabling them to effortlessly extend US stock investing services to their respective end-user clientele.

Beyond this notable partnership and financial boost, Alpaca’s existing brokerage platform is already a robust entity, facilitating support to hundreds of businesses across approximately 30 different countries, including Turkey, Saudi Arabia, Indonesia, Thailand, and India.

Alpaca co-founder and ceo Yoshi Yokokawa remarked, “We are thrilled to welcome SBI as our strategic partner and to deepen our footprint within the Asian region. This partnership will significantly accelerate our mission of opening financial services to everyone on the planet. SBI’s strategic partner capital enables us to significantly increase our presence in the Asian region, accelerate serving enterprise financial institutions, and launch products and services optimised for local demands. We’re very excited to unlock this tremendous potential.”

In a show of financial and strategic backing, SBI’s deputy general manager of SBI Investment, Shohei Yamada, said, “Our investment in Alpaca directly aligns with our strategic vision to show our commitment to accelerate new product innovation and value creation for end customers. We are amazed by the growth and innovation velocity that Alpaca has shown and are excited to support their even further expansion in the Asian region.”

In past fundraising pursuits, Alpaca has successfully raised over $120m from a consortium of premier global investors in the industry.

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