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Social Leverage Invests in Alpaca Series B Round

Social Leverage Invests in Alpaca Series B Round

Howard Lindzon
August 30, 2021

Congratulations to portfolio company Alpaca on raising their Series B!

The Series B round adds $50 million of capital, fresh off of a late-2019 $6 million seed round, and a late-2020 $10 million Series A.

The company offers an API that does the dirty work; handling banking, security, and regulatory complexity. This allows startups to quickly build brokerage apps on top for free.

"In simple terms, using Alpaca... any company can build a Robinhood from the ground up." says Howard Lindzon, Founder and Managing Partner with Social Leverage.

In a recent interview with TechCrunch, Alpaca CEO Yoshi Yokokawa said the number of brokerage accounts supported has risen some 1,500 percent to more than 100,000 this year. He also expects to bring on 100 partners for Alpaca's equity trading tech by the end of this year.

Big plans lay ahead as Alpaca moves into the cryptocurrency market. A partnership with Plaid will make money transfers easier for investors in the crypto trading space.