Alpaca, a California-based self-clearing broker-dealer and brokerage infrastructure API provider, has announced the completion of its US$52 million Series C funding round.

The announcement was made from its new office in Manhattan, New York.

The funding is intended to support Alpaca’s global expansion and further development of its product offerings.

The round included participation from both new and existing investors, among them Derayah Financial, 850 Management, National Investments Company (NIC), Unbound, and Portage Ventures.

The involvement of returning investors reflects ongoing support for Alpaca’s strategic direction.

With the additional capital, Alpaca aims to continue expanding its presence internationally, targeting enterprise institutions and fintech firms across the United States, the Middle East, and Asia.

The company currently supports more than 200 partners in over 40 countries, operating through its institutional-grade APIs and self-clearing custody services, which power over five million brokerage accounts.

Alpaca remains focused on developing a global standard infrastructure for investment services. It presently offers international access to stocks, ETFs, options, and fixed income products, with plans to introduce 24/5 trading.

This move is in line with growing global demand for round-the-clock market access.

According to data from the US Federal Reserve, as of the fourth quarter of 2024, overseas investors held US$16.5 trillion, equivalent to 18%, of US equities, marking the highest share on record.

In 2024, Alpaca launched several new products, including US options trading, instant funding support, and high-yield cash and IRA accounts.

“We have always been focused on enabling access and opportunity for everyone on the planet. This new chapter allows us to expand our efforts globally, supporting our partners and customers with the tools and infrastructure they need to thrive in modern financial markets,”

said Yoshi Yokokawa, Co-Founder and Chief Executive Officer of Alpaca.

“This funding round is a testament to the hard work and dedication of our team and the strong partnerships we have built. We are excited to embark on this next phase of growth and deliver even more value to our customers globally.”

Featured image credit: edited from freepik