- Alpaca raised $135 million in a funding round led by Peak XV, with up to $300 million in debt financing from Payward and BMO.
- The BNP-backed brokerage infrastructure provider plans to accelerate its agent-first brokerage and API-first prime brokerage infrastructure for tokenized markets.
- The company’s January Series D round raised $150 million at a $1.15 billion valuation, with previous backing from BNP Paribas’ venture arm.
Alpaca, a BNP-backed brokerage infrastructure provider, announced Thursday it raised $135 million in a funding round led by Peak XV to expand into tokenized markets and AI-native financial services. The company also secured up to $300 million in debt financing from Kraken parent Payward and BMO, according to the statement.
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A January Series D round had already pulled in $150 million, bringing the fintech’s valuation to $1.15 billion. Earlier investors include the venture capital arm of BNP Paribas. Consequently, Alpaca will use the new financing to accelerate its agent-first brokerage and API-first prime brokerage infrastructure.
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