October 2023 Summaries

Spaceship is an Australian financial technology company that aims to transform the investment experience for young Australians by partnering with Alpaca, a developer-first API brokerage platform. Founded in 2016, Spaceship has established itself as a visionary in the field of financial technology and has introduced several innovative products such as Spaceship Super and Spaceship Voyager managed funds. The company's mission is to make investing not just a financial activity but a journey of discovery, guided by forward-thinking, accessibility, curiosity, transparency, and straightforwardness. With its recent addition of US Investing in September 2023, Spaceship has expanded its offerings substantially. The partnership with Alpaca has enabled Spaceship to offer localized currency experience for Australian customers who wish to invest in the US markets, eliminating the need for complex FX conversions. Through this integration, Spaceship has enhanced its investment solution by crafting a seamless experience, powering real-time trading for AUD, syncing and updating assets, and providing customer-centric success through user feedback and continuous improvement.

Alpaca has announced a strategic partnership with SBI Group, a Japan-based financial services group, to accelerate its expansion in the Asian region. Alpaca's brokerage platform supports hundreds of businesses globally, including those in Japan, Turkey, Saudi Arabia, Indonesia, Thailand, and India. The partnership allows Alpaca to extend its reach to enterprise financial institutions for clearing and executing US securities in Asia. SBI Group has made a USD15 million investment in Alpaca as part of the new partnership, which aims to drive future growth through collaborative business development efforts and introducing innovative products. Alpaca continues to provide resources dedicated to expanding its Asian business through a recently acquired broker-dealer license under the Japan FSA.