Alpaca Secures $52 Million to Boost Global API Growth – Coincu

Alpaca, a financial technology firm, secured $52 million in Series C funding led by Derayah, NIC, and others to enhance API infrastructure. This development is poised to accelerate Alpaca’s global reach and API capabilities without affecting specific blockchain tokens.

Alpaca Secures $52M to Advance API Infrastructure Globally

Alpaca Secures $52M to Advance API Infrastructure Globally

Alpaca announced the closing of its Series C funding round, raising $52 million. Notable investors include Derayah Financial and Portage Ventures. Co-Founder Yoshi Yokokawa emphasized Alpaca’s dedication to democratizing financial markets access through its API-driven platform. The funds will particularly support global expansion efforts in the United States, Middle East, and Asia. Additionally, Alpaca plans to enhance its trading services with features like 24/5 trading and fully paid securities lending.

The new funding round reflects growing confidence in Alpaca’s vision, with funds designated for improved API offerings and expanded market coverage. This move aligns with Alpaca’s strategy to provide seamless infrastructure to fintech startups and institutions globally. The platform’s reach extends to 200+ global partners, maintaining its influence in the industry.

Community response has been positive, as developers and partners anticipate improved functionalities. CEO Yoshi Yokokawa affirmed, “We have always been focused on enabling access and opportunity for everyone on the planet” via Alpaca’s developer-friendly APIs.

Historical Context, Price Data, and Expert Insights

Did you know? The rise of API-focused trading infrastructure allowed Alpaca to amass over 5 million brokerage accounts globally, illustrating its rapid growth and widespread adoption in fintech.

According to CoinMarketCap, Ethereum (ETH) currently trades at $1,793.00 with a market cap of $216.46 billion. Dominating 7.35% of the market, ETH experienced a 0.30% drop in the past 24 hours and a 13.57% increase over the past week. Despite significant price fluctuations, Ethereum remains a central player in the crypto market.

Insights from the Coincu research team suggest that Alpaca’s global expansion and enhanced API offerings could streamline fintech integration. While direct regulatory changes are unlikely, ongoing partnerships may influence Alpaca’s adoption, fostering infrastructure growth without affecting token prices directly.