Alpaca Hits 1.15 Billion Dollar Valuation With 150 Million Dollar Raise

Brokerage infrastructure provider Alpaca has achieved a $1.15 billion valuation after raising $150 million to scale its platform. Alpaca enables fintechs and financial institutions to embed stock trading capabilities into their own applications.

The company's API-first approach allows its clients to offer commission-free trading to their end users without building the complex brokerage infrastructure themselves. Major fintechs and banks use Alpaca's technology to power their trading features.

The unicorn valuation reflects the strategic importance of embedded finance infrastructure, where companies that provide the building blocks for financial services are valued for the breadth of applications they enable.