Alpaca completes $150 million financing, reaching a valuation of $1.15 billion
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Fintech infrastructure provider Alpaca has completed a $150 million Series D funding round, reaching a valuation of $1.15 billion. The round was led by Drive Capital, with participation from Citadel Securities, an unnamed exchange, and the venture capital arm of BNP Paribas. Alpaca has also secured a $40 million credit line. Its software supports trading services for stocks, ETFs, cryptocurrencies, and more. Co-founder and CEO Yoshi Yokokawa stated that Alpaca's annual recurring revenue has exceeded $100 million.
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