US-based fintech Alpaca has raised $135 million in its latest funding round as it seeks to “accelerate its agent-first brokerage and API-first prime brokerage infrastructure”, according to a company statement.
The round was led by Peak XV, with Elefund, Unbound, and Opera Tech Ventures, the venture capital arm of BNP Paribas Group, listed among the other participating investors.
In addition to its equity raise, Alpaca has also secured $300 million in debt financing from BMO and Payward, the parent company of crypto exchange Kraken.
Based in Silicon Valley, California, Alpaca offers full-stack brokerage infrastructure that enables companies to build and scale investing and trading products powered by agentic AI.
The funding comes seven months after the company secured a $150 million Series D with a valuation of $1.15 billion.
Alpaca has not disclosed a new valuation following the latest fundraise.
In 2025, the fintech began its European expansion by acquiring digital investment infrastructure provider WealthKernel. Since then, Alpaca says it has expanded its presence in the region, acquiring “regulated entities and completed passporting in all 30 EEA countries”.
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