Alpaca Raises $52 Million to Fuel Global Expansion and Category Leadership

Alpaca, a fintech company that provides infrastructure for trading and investing platforms, has raised $52 million in Series C funding to fuel global expansion and category leadership. Founded in 2017, Alpaca serves over 5 million customers across 40 countries and competes with Interactive Brokers. The company plans to use the funding to further develop its technology and expand its customer base.

San Mateo-based fintech company Alpaca has announced the closure of a $52 million Series C funding round. This latest round of funding will be used to expand the company's global footprint and enhance its technology capabilities. Alpaca, founded in 2017, provides API brokerage platforms for financial services firms, enabling them to offer trading services to their consumer user bases.

With over 5 million brokerage accounts and more than 200 financial clients in 40 countries, Alpaca has established itself as a key player in the global trading infrastructure market. The Series C funding will allow the company to obtain additional regulatory licenses in foreign markets, similar to those it already holds in the U.S., Japan, and the Bahamas. This expansion will enable Alpaca to serve a broader range of clients and increase its market share [1].

Alpaca's co-founder and CEO, Yoshi Yokokawa, highlighted the importance of the Series C funding in achieving the company's global expansion goals. "The recent fundraising is very important because this is really a catalyst to go global infrastructure, instead of the U.S.-only anchored company and platform," Yokokawa said [1].

The company plans to use the proceeds from the funding round to develop new products, add non-U.S. products like European and Asian equities, and support 24/5 trading of U.S. stocks. Additionally, Alpaca aims to support its growth by becoming a fully self-clearing broker-dealer, allowing it to handle all trade clearing and settlement processes in-house [1].

Yokokawa sees Interactive Brokers as Alpaca's closest competitor in terms of international presence and technology capabilities. However, he believes that Alpaca's modern technology and focus on global infrastructure give it a competitive edge. "When new banks want to improve their products for their customers, they prefer to work with modern partners because their customers want modern solutions. So that is how we are currently winning the market share over them," Yokokawa said [1].

The Series C funding brings Alpaca's total funding raised to $170 million. The company employs approximately 200 people, with the majority working remotely from various locations worldwide [1].

References:
[1] https://techcrunch.com/2025/04/23/alpaca-a-developer-of-api-brokerage-platform-raises-52m-in-series-c/