Alpaca

API-first stock and crypto brokerage platform

alpaca.markets

HQ: San Mateo, CA, USA; Remote

51-200

Fintech

Company research

Public company, workplace, funding, and market signals

Updated Aug 2, 2026

Overview

Alpaca is a privately held financial-technology company building developer-first brokerage and API-first prime-brokerage infrastructure. Its regulated subsidiaries provide execution, clearing, custody, account opening, compliance, market data, and trading access for stocks, ETFs, options, fixed income, crypto, and tokenized assets. It serves fintechs, banks, broker-dealers, wealth managers, algorithmic trading firms, active traders, and crypto-native platforms.

Primary product

Broker API / developer-first brokerage infrastructure: embeddable trading, brokerage account, custody, clearing, funding, compliance, market-data, and operations APIs, with Trading API products for individual developers and traders.

Founded

2015

Headquarters

San Mateo, California, United States

Team size

400+ globally distributed employees; earlier official materials reported 250+ and 380+

Work style

Remote

Industry

Financial services / fintech

Sub-industry

Brokerage infrastructure, embedded investing, capital-markets APIs, and digital-asset infrastructure

Offices

San Mateo, California, United States (headquarters)

London, United Kingdom (Alpaca Europe / former WealthKernel)

GIFT City, Gujarat, India (Alpaca India regulated operations)

Tokyo, Japan (AlpacaJapan)

Business model

B2B brokerage-as-a-service and embedded finance APIs

API subscriptions and market-data subscriptions

Trading and brokerage services with pass-through/regulatory and product-specific fees

Institutional brokerage, clearing, custody, securities lending, and prime-brokerage infrastructure

B2C/API access for self-directed traders and algorithmic developers

Funding

Stage

Late-stage private / unicorn (Series D and subsequent growth financing)

Total raised

$435M

Latest round

Growth financing / equity raise · Jul 2026

Latest amount

$135M

Additional equity financing

Jul 2026 · Peak XV Partners

$135M

Growth financing / equity raise

Jul 2026 · Peak XV Partners

$135M

Series D

Jan 2026 · Drive Capital

$150M

Series C

Apr 2025 · Derayah Financial / National Investments Company participation reported; lead not consistently disclosed

$52M

Strategic investment

Oct 2023 · SBI Group

$15M

Convertible note / extension

Oct 2023 · SBI Group

$15M

Series B / extension or venture financing

Feb 2022 · Unbound

$50M

Series B

Aug 2021 · Tribe Capital

$50M

Series A

Oct 2020 · Portage Ventures

$10M

Seed / early financing

Nov 2019 · Spark Capital

$6M

Seed

Nov 2019 · Not clearly disclosed

$6M

Pre-Series A

Oct 2018 · Global Brain

$3M

People & investors

Leadership

Yoshi Yokokawa

Co-Founder & CEO

Hitoshi Harada

Co-Founder & CPO (some third-party org charts identify him as CTO)

Tarun Ajwani

Chief Revenue Officer

Nadia Asoyan

Chief Financial Officer

John Lee

Chief Operating Officer

Tony Lee

Global Head of Brokerage

Karan Shanmugarajah

CEO, Alpaca Europe

Investors

Work & culture

Public careers materials emphasize a globally distributed, multicultural team; deep-work-friendly remote collaboration; curiosity, empathy, accountability, honesty, clarity, high-quality execution, and comfort with difficult startup problems. The company describes employees as engineers, traders, and brokerage professionals and highlights open-source contribution.

Work style

Remote

Compensation

Public job materials state competitive salary and stock options plus the $500 setup and $150 monthly stipends, but do not disclose salary ranges or a general visa-sponsorship policy.

Benefits

Competitive salary

Stock options

Health benefits

One-time $500 home-office setup stipend

$150 monthly home-office/work stipend via Brex

Fully remote work across regionally eligible countries

Product & market

Pricing

Free Basic Trading API access for limited market data; Algo Trader Plus at $99/month; Broker API has tiered and custom enterprise pricing, with published examples from included/free tiers to $500-$2,000/month market-data plans. Brokerage is generally commission-free for eligible self-directed US securities trading, while regulatory, exchange, transfer, margin, crypto, and other product-specific fees may apply.

Differentiators

—API-first and developer-oriented product architecture
—US-headquartered, FINRA/SIPC-regulated, self-clearing broker-dealer
—Integrated execution, clearing, custody, onboarding/KYC, funding, compliance, risk, and back-office operations
—Single infrastructure layer spanning stocks, ETFs, options, fixed income, crypto, and tokenized assets
—Global expansion through regulated entities and localized market access
—Paper trading, sandbox, documentation, and open-source/developer ecosystem
—Event-driven infrastructure, FIX support, fractional/notional trading, extended-hours and 24/7 crypto capabilities
—Agent-first and AI-oriented brokerage tooling, including public-beta MCP servers

Technology

REST/Web APIs

Python

C/C++

Rust

Java

Scala

TypeScript

React

Kotlin

PostgreSQL

Redis

Apache Kafka

Apache Airflow

Apache Iceberg

Elasticsearch

Docker

Kubernetes

Terraform

Google Cloud Platform

Customers

Kraken

SBI Securities

Dime!

Lemon (Latin American digital-finance platform)

Fintechs and neobrokers

Banks and broker-dealers

Registered investment advisors and wealth managers

Hedge funds and algorithmic trading firms

Crypto exchanges and tokenization platforms including Binance, Ondo, and Dinari

Competitors

DriveWealth

Apex Fintech Solutions

Interactive Brokers

Tradier

Plaid/Brokerage-as-a-Service providers

Coinbase

Kraken

Saxo Bank / institutional brokerage APIs

Scale & contact

Estimated revenue

$20M-$30M annually (third-party estimate; company reported revenue doubling year over year for three consecutive years but does not publish audited revenue)

Estimated monthly visits

670.7K

info@alpaca.markets +1 650-489-2017

Signals & risks

Acquisition

Apr 2026

Completed acquisition of UK/EU fintech WealthKernel, renamed Alpaca Europe, adding regulated brokerage and custody infrastructure and enabling European equities trading.

Source

Acquisition

Apr 2026

Announced completion of acquisition of ZincMoney IFSC, an IFSCA-regulated broker-dealer/payment-service provider in GIFT City, establishing Alpaca's India regulated presence.

Source

Other

Jul 2026

The $435M financing package includes debt primarily from Payward/Kraken parent and BMO; debt exposure and the rapidly expanding regulated/tokenized-markets footprint are material balance-sheet and execution considerations.

Source

Latest news

Alpaca Launches MCP Servers in Public Beta for Broker Partners

Alpaca · Jul 2026

Alpaca introduced Broker API MCP servers and open-source Broker API Skills to let approved partner users interact with documentation and workflows through natural language.

Alpaca Raises $135 Million to Scale Agent-First Brokerage Infrastructure for Tokenized Markets and AI-Native Financial Services

Alpaca · Jul 2026

Peak XV led a $135M raise with Elefund, Opera Tech Ventures, and Unbound; total financing reached $435M including debt. Alpaca cited tokenization, AI-native brokerage, global expansion, acquisitions, $1.5B of tokenized-equity underlying assets, and nearly 4x growth in monthly active API users.

Alpaca Completes EEA Passporting to 29 Countries

Alpaca · Jul 2026

Its Spain-based EEA hub completed MiFID II passporting across 29 EEA countries, complementing UK operations and the WealthKernel acquisition.

Alpaca Expands into Europe with WealthKernel Acquisition and European Equities Trading

Alpaca / BusinessWire · Apr 2026

WealthKernel became Alpaca Europe, providing regulated UK/EU brokerage and custody; European equities launched first on Germany's Xetra.

Alpaca Raises $150 Million at a $1.15B Valuation

Alpaca · Jan 2026

Drive Capital led Series D at a $1.15B valuation, with a separate $40M line of credit and participation from strategic, VC, and angel investors.

Jobs and careers at Alpaca

70 jobs at Alpaca

IT Security Engineer

Remote

Information Security

Remote - Americas; North America

1d ago

Remote

Full-time