Alpaca raises $150 million in funding: How fintech infrastructure providers are vying for a foothold in the integration track

【Crypto World】Fintech infrastructure provider Alpaca recently completed a Series D funding round of $150 million, with the company’s valuation soaring to $1.15 billion. The round was led by Drive Capital, with participation from Citadel Securities, a well-known crypto exchange, and the venture capital arm of BNP Paribas. Interestingly, Alpaca also secured a $40 million credit line.

What Alpaca does is actually very core—helping various platforms quickly build trading services that support stocks, ETFs, cryptocurrencies, and other financial instruments. Co-founder and CEO Yoshi Yokokawa mentioned that the boundaries between traditional finance and the crypto space are becoming increasingly blurred, and major platforms are integrating services to adapt to this trend.

Data shows that Alpaca’s annual recurring revenue has already surpassed $100 million. This indicates that in the wave of integration between Web3 and traditional finance, this type of infrastructure indeed has a market.