Alpaca – a global brokerage platform for stock and crypto trading that supports launches of hundreds of investing businesses – recently announced a new strategic partnership with SBI Group. This financial services group has the largest online broker (the second largest brokerage firm) in Japan by revenue and has over 400 billion yen assets under management for VC/PE investments.
This partnership enables Alpaca to accelerate its expansion of businesses and extend its reach to enterprise financial institutions for the clearing and execution of US securities in Asia. And as part of the new partnership, SBI made a $15 million investment in Alpaca. And SBI has agreed with Alpaca to make respective commitments to drive Alpaca’s future growth through collaborative business development efforts and introducing innovative products.
Alpaca continues providing resources dedicated to expanding its Asian business through a recently acquired broker-dealer license under the Japan FSA. And through this license in Japan, Alpaca can provide brokerage infrastructure for enterprise financial institutions and startups to offer US stock investing services to their end customers easily.
Along with Alpaca’s growth in Japan, Alpaca’s brokerage platform supports hundreds of businesses in nearly 30 different countries such as Turkey, Saudi Arabia, Indonesia, Thailand, and India. Alpaca has raised more than US$120 million in funding from top investors in the industry globally.
KEY QUOTES:
“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 optimized for local demands. We’re very excited to unlock this tremendous potential.”
— Yoshi Yokokawa, Co-founder and CEO of Alpaca
“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.”
— Shohei Yamada, Deputy General Manager of SBI Investment
