Alpaca raises $15 million to expand its stock and crypto brokerage services

Key Points:

– Alpaca, a San Mateo-based startup, has raised $15 million in the form of a convertible note.
– The funding will be used to expand Alpaca’s stock and crypto brokerage trading services.
– Alpaca offers API that allows investing fintech companies and others to integrate stock and crypto trading functionality into their apps.
– The company aims to democratize access to the stock market and make trading more accessible to a wider audience.

Hot take:

Alpaca’s funding news shows that the demand for stock and crypto trading services remains high. With the aim of democratizing investing, Alpaca is making it easier for people to access the stock market through its API. This funding will enable the startup to further expand its services and reach a wider audience. So, get ready for more people staking their claim in the stock market, one convertible note at a time!

Original Article:https://techcrunch.com/2023/10/12/stock-trading-api-developer-alpaca-raises-15m-convertible-note-from-sbi-group/