Fintech Startup Alpaca Scores $135M in Funding Led by Peak XV

The new funding comes after Alpaca's $150 million Series D round announced in January 2026, which valued the company at $1.15 billion.

The company will use the funding to speed up the development of its AI-powered brokerage platform and API-first prime brokerage infrastructure, helping financial institutions and enterprise clients build and scale investment products across both traditional and blockchain-based markets.

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The announcement comes as two major trends are changing the financial industry. More financial assets are moving onto blockchain through tokenization, while AI is driving the development of new financial products and services.

These changes are increasing the demand for secure, regulated infrastructure that connects traditional finance with blockchain markets and supports the next generation of AI powered financial services.

Today, Alpaca provides infrastructure for fintech companies, banks, broker-dealers, wealth managers, trading firms, active traders, and crypto-focused financial platforms around the world. Peak XV's investment highlights its confidence that Alpaca will play an important role in building the next generation of financial services.

"Alpaca has built the modern infrastructure stack for global investing,” said Aakash Kapoor, Principal, Peak XV Partners. “Financial markets are becoming more connected and programmable every day, and that's a humongous opportunity in our view. Alpaca powers large financial institutions across the globe, and is now enabling entirely new categories like tokenization, agentic trading and on-chain infrastructure, through a single API. We're proud to lead this round as they continue to expand globally."

“Alpaca is uniquely positioned to become the default infrastructure layer for tokenized global capital markets and AI-native financial services,” said Yoshi Yokokawa, Co-Founder and CEO of Alpaca. “The support from our investors reflects confidence in Alpaca’s execution and the market opportunity ahead. As tokenization reshapes access to global markets and AI accelerates the creation of new financial applications and market participants, demand is growing for regulated infrastructure built for this paradigm shift.”

About Alpaca

Founded in 2017 by Yoshi Yokokawa and Hitoshi Harada, Alpaca is a U.S.-based self-clearing broker-dealer that provides brokerage infrastructure for both traditional and blockchain-based assets. Today, the company supports more than 10 million brokerage accounts and works with hundreds of fintech companies, and financial institutions around the world.

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