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About Alpaca
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series C
Total Funding
$139M
Headquarters
San Mateo, California
Founded
2015
Overview
Alpaca Securities LLC operates in the stock brokerage industry by providing an API-first brokerage service that allows other businesses to create their own trading applications. This service enables companies to integrate stock trading functionality into their platforms without needing to become brokers themselves, which saves them time and resources. Alpaca's clients include businesses like InvestSky and Woodstock, who want to offer stock trading to their customers. Additionally, Alpaca offers a Local Currency Trading API, allowing international investors to trade US stocks in their local currency. Beyond stock trading, Alpaca also provides crypto wallets and supports coin pair trading with various cryptocurrencies. The company generates revenue by charging fees based on the volume of trades executed through its platform. Alpaca's goal is to simplify the trading process for businesses and their customers, making financial services more accessible.
Simplify's Take
What believers are saying
- Alpaca's $52M Series C funding supports global expansion and product development.
- Partnerships with Kraken and ZAD enhance Alpaca's market reach and service offerings.
- Growing demand for API-based financial services boosts Alpaca's client acquisition potential.
What critics are saying
- Increased competition from API-first platforms like Robinhood and Webull threatens Alpaca's market share.
- Regulatory challenges in Middle East and Asia could impact Alpaca's expansion plans.
- Cryptocurrency market volatility poses financial risks to Alpaca's trading services.
What makes Alpaca unique
- Alpaca offers an API-first brokerage service, simplifying trading app development for businesses.
- Alpaca supports local currency trading, easing access for international investors.
- Alpaca provides crypto wallets and coin pair trading, expanding financial service offerings.
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Funding
Total Funding
$139M
Above
Industry Average
Funded Over
8 Rounds
Y CombinatorIndustry standards
Benefits
Competitive salary & stock options
Medical, dental, & vision
Home office setup stipend
Monthly Brex Card stipend
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 1%2 year growth
↓ -4%ZAD has partnered with Alpaca to build these products, including Shariah-compliant Instant Funding, which was launched recently.
Innovations in money movement need infrastructure to scale, and crypto as a service (CaaS) could help it get there. Brett McLain, head of payments and blockchain at Kraken, told PYMNTS that, with his firm’s launch of its CaaS model in partnership with equities broker Alpaca, the company is not just extending its reach. It’s reshaping the rails of modern finance. If a major traditional bank integrates this CaaS platform into its retail services, it could mark a tipping point where digital assets become as accessible and as commonplace as stocks or bonds
Kraken has launched this new asset class through a strategic partnership with Alpaca - an API-first brokerage platform and self-clearing broker-dealer for stocks, ETFs, and options who serves hundreds of financial services and millions of brokerage accounts around the world.
Alpaca, a U.S.-based API platform, completed a $52 million Series C funding round on April 27, securing investments from firms including 850 Management and Portage Ventures.
Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, announced its $52 million Series C funding round today.
Alpaca is Hiring for 12 Jobs on Simplify!
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About Alpaca
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series C
Total Funding
$139M
Headquarters
San Mateo, California
Founded
2015
Alpaca is Hiring for 12 Jobs on Simplify!
Find jobs on Simplify and start your career today