What does Alpaca do?
Alpaca is a self-clearing broker-dealer and brokerage infrastructure API provider that supports trading in stocks, ETFs, options, and other financial products for both enterprise institutions and fintech companies across regions like the US, the Middle East, and Asia.
How much did they raise?
The company raised $52M in a Series C funding round, with lead investors including Derayah Financial, 850 Management, National Investments Company, Unbound, and Portage Ventures.
What are their plans for the money?
With the fresh capital, Alpaca plans to accelerate its global expansion and further develop its product offerings, aiming to enhance trading capabilities and broaden its market reach.
What have they achieved so far?
In the past year, Alpaca has made significant progress by launching new products such as US options trading, instant funding support, and high-yield cash and IRA accounts.
