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Alpaca Closes $52 Million Series C Round to Fuel Expansion Worldwide ⋅ Crypto World Echo

Key Takeaways:

  • Alpaca raised $52 million in Series C funding to further global expansion.
  • The company has said it will soon expand to 24/5 trading and fully paid securities lending.
  • Alpaca now serves more than 5 million brokerage accounts in 40+ countries.

Alpaca: Series C Funding $52MM as Platform Hits Major Milestone

Alpaca, a U.S.-based self-clearing broker-dealer and brokerage infrastructure company, has raised $52 million in a Series C round. The company made the announcement from its new office in New York City. The round also saw participation from new and existing investors, such as Derayah Financial, 850 Management, National Investments Company (NIC), Unbound and Portage Ventures.

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Alpaca Set To Bring Brokerage-As-A-Service To The World

Since then, Alpaca has continued the mission to create the de facto global standard for investing infrastructure. Supporting over 5 million brokerage accounts and operating in more than 40 countries now, the firm is used by enterprise institutions and smaller fintech companies alike.

alpaca-closes-52-million-series-c-round-to-fuel-expansion-worldwide

Alpaca Set To Bring Brokerage-As-A-Service To The World

Since then, Alpaca has continued the mission to create the de facto global standard for investing infrastructure. Supporting over 5 million brokerage accounts and operating in more than 40 countries now, the firm is used by enterprise institutions and smaller fintech companies alike.

With the Series C, Alpaca hopes to expand into major markets including the U.S., the Middle East and Asia. Its powerful enterprise-grade APIs, along with its self-clearing custody services, have established it as a preferred partner for firms seeking to deliver a fully featured investment experience.

According to Yoshi Yokokawa, Alpaca Co-Founder and CEO, the investment is a testament to the dedication and commitment of the team and the integrity of the company’s partnerships. He stressed that Alpaca will continue to help its partners and customers around the world discover and access best-in-class financial tools and infrastructure.

Alpaca Adds 24/5 Trading and Securities Lending to Product Offering

Alpaca will put the new capital toward accelerating the release of its primary products, including 24/5 trading and fully paid securities lending. These services are aimed at the increasing international demand for 24-hour market access.

Investors outside the United States owned $16.5 trillion, or 18 percent, of all United States stocks by the fourth quarter of 2024, according to data from the US Federal Reserve. These numbers suggest that the world is hungry for flexible, always-on investing options, and that’s what Alpaca is gearing up to provide.

Multi-market 24/5 trading with longer trading hours. Investors can trade almost 24 hours a day, five days a week, across most U.S. markets, which is anticipated to become a significant differentiator as global activity in the US markets extends beyond the standard trading day.

Alpaca’s Growth by 2024: New Products, Biggest Platform Enhancements

In 2024, Alpaca experienced a breakthrough with the introduction of a number of important products, such as:

  • US options trading
  • High-Yield Cash accounts
  • IRAs (Individual Retirement Accounts)
  • Institutional class trading for FIX API access

Aside from new features, this year saw some major upgrades to the Alpaca platform, like: Local Currency Trading API, Fractional Share Trading and improved entity account onboarding. These enhancements have grown the capabilities of Alpaca considerably, and today, more partners around the globe can offer advanced investment solutions.

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Alpaca Cements Position in Top-Tier Market with Leading Investors

Alpaca’s round not only sparked the interest of new backers but it also cemented the support of prior backers including Portage Ventures and Unbound. Alpaca has already raised over $170 million to date, with a global group of investors including Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, SBI Group, Derayah Financial, Elefund and Y Combinator.

Strong support from top investors reflects that investors firmly believe in Alpaca’s vision of a global, always-on financial market, said co-founder and CEO of Alpaca, Yoshi Yokokawa. In a tightening fintech market, Alpaca’s capacity to merge self-clearing infrastructure with API-first tech makes it a standout.

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The post Alpaca Closes $52 Million Series C Round to Fuel Expansion Worldwide appeared first on CryptoNinjas.

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