What is Alpaca Securities?
Alpaca Securities operates as a US-headquartered, self-clearing broker-dealer, functioning as a global leader in brokerage infrastructure APIs. The firm provides a robust technological foundation that enables developers and institutions to integrate trading capabilities—including fixed income, tokenization, and fully paid securities lending—directly into their own platforms. By abstracting the regulatory and operational burdens of brokerage services, Alpaca empowers a diverse ecosystem of fintechs to offer sophisticated investment products, ranging from high-yield cash accounts to Shariah-compliant trading, thereby democratizing access to global financial markets.
How much funding has Alpaca Securities raised?
Alpaca Securities has raised a total of $758M across 9 funding rounds:
Seed
$6M
Series A
$10M
Series B
$50M
Debt
$15M
Series C
$52M
Multiple Rounds
$625M
Seed (2019): $6M, investors not publicly disclosed
Series A (2020): $10M led by Fathom Capital, Spark Capital, Social Leverage LLC, Portag3 Ventures, and Abstract Ventures
Series B (2021): $50M supported by Horizons Ventures, Social Leverage, Tribe Capital Growth Corp I, Spark Capital, and Portage Venture Partners
Debt (2023): $15M featuring SBI Group International
Series C (2025): $52M backed by Derayah Financial, 850 Local Association Management, Unbound, and National Investments Company KSCC
Debt (2026): $40M, investors not publicly disclosed
Series D (2026): $150M led by Portage Ventures, Citadel Securities, Opera Tech Ventures, Flat Capital, Drive Capital, Horizons Ventures, MUFG, Bank Muscat, DRW Holdings, Endeavor Global, Derayah Financial, Kraken, Altered Capital, Diagram, and Social Leverage Acquisition Corp I
Debt (2026): $300M supported by Payward and BMO
Unspecified (2026): $135M featuring Elefund Capital, Peak XV Partners, and Opera Tech Ventures
Key Investors in Alpaca Securities
Payward
Payward is a financial infrastructure firm that operates a unified technology platform, serving as the foundation for Kraken and various specialized financial products.
BMO
Bank of Montreal is a diversified financial services group providing comprehensive banking, investment, and wealth management advisory services across North America.
Peak XV Partners
Peak XV Partners is a prominent venture capital firm focused on supporting early-stage and growth-stage technology companies across Asia with strategic operational expertise.
What's next for Alpaca Securities?
With the successful closure of this major strategic investment, Alpaca Securities is poised to deepen its technological moat and expand its footprint in international markets. The company is expected to prioritize the enhancement of its 24/5 trading infrastructure and the scaling of its institutional-grade brokerage services. As the demand for embeddable finance continues to surge, Alpaca is well-positioned to leverage its recent capital influx to drive product innovation in tokenization and fixed-income services, ensuring it remains the preferred infrastructure partner for the next generation of global financial platforms.
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