Alpaca, a U.S.-based fintech firm specializing in brokerage infrastructure, has secured $52 million in a Series C funding round. The round included participation from new and existing investors such as Derayah Financial, National Investments Company (NIC), Unbound, and Portage Ventures. This brings Alpaca’s total funding to over $170 million.
The fresh capital will accelerate the firm’s expansion in key markets, including the Middle East, Asia, and the United States. The company aims to scale its API-based brokerage services, which enable institutions to offer trading, equity and ETF custody, and options execution. It currently serves over 5 million end users across more than 40 countries.
“This latest round allows us to deepen our global efforts and support our partners and clients with the tools and infrastructure they need to thrive in modern financial markets,” said Yoshi Yokokawa, Co-founder and CEO of Alpaca.
Alpaca Strategic Partnership with Derayah Financial
A significant development accompanying the funding news is Alpaca’s strategic partnership with Saudi Arabia’s Derayah Financial. Derayah, a leading financial services firm and the first digital investment platform in the Kingdom, has made a strategic investment in Alpaca.
This collaboration aims to expand financial accessibility in the Middle East by enabling global investors to access the Saudi Exchange (Tadawul) through Alpaca’s brokerage infrastructure.
“We are thrilled to partner with Derayah to open access to the super fast-growing economy of the KSA worldwide,” said Yokokawa. “This partnership will accelerate our mission of opening financial services to everyone on the planet.”
Mohammed Al-Shammasi, CEO of Derayah Financial, added: “This partnership reflects our commitment to innovation and the development of solutions that integrate local expertise with world-class technology, reinforcing our leadership in the financial technology sector within the Kingdom. It also enables seamless, fully electronic access for a wide range of individual and institutional foreign investors to trade in the Saudi market.”
The partnership aligns with Saudi Arabia’s Vision 2030 initiative, which aims to diversify the economy and develop public service sectors.
By combining Alpaca’s brokerage infrastructure with Derayah’s regional expertise, the collaboration is poised to enhance investing accessibility for both local and international investors.
Alpaca has also established a local entity in Saudi Arabia to support this initiative, further cementing its commitment to the region.
With this strategic partnership and substantial funding, Alpaca is well-positioned to redefine global financial infrastructure and democratize market access through modern APIs, particularly in emerging markets like the Middle East.
