Completed acquisition of UK/EU fintech WealthKernel, renamed Alpaca Europe, adding regulated brokerage and custody infrastructure and enabling European equities trading.
SourceAPI-first stock and crypto brokerage platform
Public company, workplace, funding, and market signals
Updated Aug 2, 2026
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
55 jobs at Alpaca
Financial services / fintech
Sub-industry
Brokerage infrastructure, embedded investing, capital-markets APIs, and digital-asset infrastructure
Offices
Business model
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
Jul 2026 · Peak XV Partners
Growth financing / equity raise
Jul 2026 · Peak XV Partners
Jan 2026 · Drive Capital
Apr 2025 · Derayah Financial / National Investments Company participation reported; lead not consistently disclosed
Oct 2023 · SBI Group
Oct 2023 · SBI Group
Series B / extension or venture financing
Feb 2022 · Unbound
Aug 2021 · Tribe Capital
Oct 2020 · Portage Ventures
Nov 2019 · Spark Capital
Nov 2019 · Not clearly disclosed
Oct 2018 · Global Brain
Leadership
Co-Founder & CEO
Co-Founder & CPO (some third-party org charts identify him as CTO)
Tarun Ajwani
Chief Revenue Officer
Chief Financial Officer
John Lee
Chief Operating Officer
Global Head of Brokerage
Karan Shanmugarajah
CEO, Alpaca Europe
Investors
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
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
Technology
Customers
Competitors
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
Completed acquisition of UK/EU fintech WealthKernel, renamed Alpaca Europe, adding regulated brokerage and custody infrastructure and enabling European equities trading.
SourceAnnounced completion of acquisition of ZincMoney IFSC, an IFSCA-regulated broker-dealer/payment-service provider in GIFT City, establishing Alpaca's India regulated presence.
SourceThe $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.
SourceAlpaca · 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 · 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 · Jul 2026
Its Spain-based EEA hub completed MiFID II passporting across 29 EEA countries, complementing UK operations and the WealthKernel acquisition.
Alpaca / BusinessWire · Apr 2026
WealthKernel became Alpaca Europe, providing regulated UK/EU brokerage and custody; European equities launched first on Germany's Xetra.
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.