Alpaca Raises $150M Series D for Embedded Investing Infrastructure

Alpaca, a provider of embedded investing and trading infrastructure via APIs, closed a $150 million Series D funding round in January 2026. The company provides brokerage-as-a-service technology that allows fintechs, neobanks, and non-financial platforms to embed investment and trading capabilities into their own products without obtaining their own broker-dealer licenses. Alpaca's platform handles order execution, account management, and regulatory compliance on behalf of its partners.

The raise was part of a broader surge in fintech funding, with global fintech investment having risen 27% in 2025 to $51.8 billion, and momentum continuing into early 2026 with over $1 billion raised in a single week by late January. Specific investors and valuation details were not disclosed in the available sources. The funding is expected to support Alpaca's international expansion and product development across additional asset classes.