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Alpaca raises $52M Series C to take its API brokerage platform to new markets
Alpaca said on Wednesday it has raised a $52M Series C round to expand into more foreign markets, including the Middle East, Europe and Asia.
To build on that traction, Alpaca said on Wednesday it has raised $52 million in a Series C funding round to expand into more foreign markets, including the Middle East, Europe and Asia. The San Mateo-based startup just opened a new office in New York, and it plans to use the fresh cash to obtain more regulatory licenses in different regions, similar to those it already has in the U.S., Japan, and the Bahamas, its co-founder and CEO Yoshi Yokokawa told TechCrunch. It also has become a fully self-clearing broker-dealer with DTCC membership, the CEO said, allowing it to handle all trade clearing and settlement processes in-house, including risk management and compliance.
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