Alpaca, a full-stack global brokerage infrastructure provider, has raised $150 million at $1.15 billion valuation in a Series D funding round led by Drive Capital.
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Citadel Securities, BNP Paribas’s Opera Tech Ventures, MUFG Innovation Partners, Flat Capital, DRW Venture Capital, Kraken, Altered Capital all joined the round, while Alpaca has also secured a $40 million line of credit.
Alpaca’s scalable APIs and self-clearing custody enable global access to stocks, ETFs, options, crypto and fixed income products. Today, it has partnered with over 300 organisations in more than 40 countries — supporting millions of brokerage accounts at financial institutions and fintechs.
With the latest funding in place, the company is expanding its asset offerings as well as establishing local market presence and securing regulatory licenses in key jurisdictions.
“Our mission is to open financial services to everyone on the planet,” says Yoshi Yokokawa, CEO, Alpaca. “We are building the global standard for brokerage infrastructure so our partners can bring investing to more people. This raise gives us the fuel to deliver more faster to both our enterprise partners and active traders globally.”