What is Alpaca, the company that raised $150 million?

Alpaca is a fintech company that provides infrastructure software, enabling other businesses to easily offer stocks, ETFs, and cryptocurrencies to their customers.

Why is Alpaca's funding round significant amid trading convergence?

Alpaca's $150 million funding highlights the trend of merging traditional finance and crypto trading, as their infrastructure supports both asset classes.

Who are Alpaca's main competitors in the brokerage services space?

Alpaca identifies Interactive Brokers as its key competitor and claims to be taking market share from them.

Home / Business and Economy / Alpaca Secures $150M, Valued at $1.15B Amid Trading Convergence

Alpaca Secures $150M, Valued at $1.15B Amid Trading Convergence

14 Jan

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Summary

Alpaca secured $150 million in a Series D funding round.
The fintech company's valuation reached $1.15 billion.
Alpaca's infrastructure supports stocks, ETFs, and cryptocurrencies.

Alpaca Secures $150M, Valued at $1.15B Amid Trading Convergence

Alpaca, a key player in financial infrastructure, has successfully closed a $150 million Series D funding round, achieving a $1.15 billion valuation. This significant financial injection was led by Drive Capital, with notable contributions from Citadel Securities, Kraken, and BNP Paribas. The company also secured a $40 million line of credit as part of the financing.

The fintech startup's success reflects the evolving financial landscape where traditional stocks and cryptocurrencies are converging. Alpaca's cofounder and CEO, Yoshi Yokokawa, highlighted this trend, explaining that crypto and traditional finance (TradFi) players are merging. His company provides the essential software that allows brokerages to offer diverse financial instruments, including equities and cryptocurrencies.

Founded in 2015 by best friends Yoshi Yokokawa and Hitoshi Harada, Alpaca has grown to support hundreds of businesses in over 40 countries. The company's annual recurring revenue now exceeds $100 million, positioning it as a formidable competitor against established firms like Interactive Brokers.