Alpaca Becomes First Japanese-Founded US Unicorn: Brokerage API Startup Aims to Be the 'AWS of Finance' at $1.15B Valuation
Alpaca, founded by two Japanese entrepreneurs in Silicon Valley, hit a $1.15 billion valuation in its Series D round, becoming the first Japanese-founded US unicorn. Serving SBI Securities, Kraken, and 300+ institutions across 40 countries, it aims to be the 'AWS of finance', alongside Plaid and Stripe. Why did they build this in America, not Japan?