Alpaca

What Alpaca does

Alpaca is a US-based self-clearing broker-dealer operating as a global brokerage infrastructure provider. The company's core offering is a Broker API that enables brokerages, banks, and financial institutions to embed investment services into their own platforms through a single API connection, currently powering more than 10 million accounts across 40+ countries. Underlying the brokerage services is a tokenized securities infrastructure that provides real equity exposure through tokens backed one-to-one by custodial shares, with $1.5B+ assets under custody and regulatory compliance layers spanning US, UK FCA, and Spain CNMV jurisdictions.

The company's product portfolio includes the Instant Tokenization Network (integrated with Broadridge's governance infrastructure for proxy voting and investor communications), Tokenized Stock Infrastructure (deployed on blockchain networks including Monad via partner Anchored Finance), and the WealthKernel-acquired European platform supporting trading on Xetra with planned expansion to Euronext and London Stock Exchange. Revenue is generated through API and infrastructure licensing, custody and asset management fees on $1.5B+ AUM, and transaction fees from tokenization services. The go-to-market is exclusively B2B, targeting enterprise financial institutions through strategic partnerships, developer relations, and API-driven distribution.

In 2026, Alpaca raised over $285M across equity and debt instruments to fund geographic expansion, tokenization infrastructure scaling, and ecosystem partnerships. The company's strategic trajectory has shifted from US-domestic brokerage infrastructure to a multi-jurisdiction, tokenization-led global platform with marquee institutional partnerships and live participation in DTCC tokenized asset settlement. Note: The input data contains a separate firmographic profile for a Berlin-based rental marketplace also named "Alpaca" with an expired domain (rentalpaca.com); this analysis is based on the substantive data about the US brokerage infrastructure entity.

Name

Alpaca

Legal name

Alpaca

Website

https://rentalpaca.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Alpaca is a US-based self-clearing broker-dealer providing global brokerage infrastructure APIs and tokenized securities platforms, enabling brokerages, banks, and financial institutions to offer investment services across 40+ countries serving 10M+ accounts.

Ownership category

akta.pro rank

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Digital Commerce or Content

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Custody and Asset Management Fees: Revenue generated from assets under custody ($1.5B+ AUM), likely through basis points on custodied assets and custodial infrastructure services provided to partner firms.
2. API and Infrastructure Licensing: Revenue from providing brokerage infrastructure APIs to partner firms including brokerages, banks, and financial institutions. Partners access Alpaca's infrastructure through single API connection.
3. Tokenization Services: Revenue from tokenized securities infrastructure enabling real equity exposure through tokens, with regulatory and compliance layers. Services include brokerage infrastructure for tokenized stocks.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Alpaca is a technology startup that helps both renters and landlords throughout the tedious journey of renting apartments. The company provides a digital platform aimed at streamlining and simplifying the apartment rental process for participants on both the demand side (renters seeking apartments) and supply side (landlords offering properties).

Product overview

Alpaca is a US-based self-clearing broker-dealer and global leader in brokerage infrastructure APIs. The company offers a unified platform combining its core Broker API for brokerage operations with the Instant Tokenization Network for tokenized securities. The portfolio includes WealthKernel (Alpaca Europe), acquired in 2026 to enable European equities trading across Xetra, Euronext, and London Stock Exchange. Alpaca currently powers over 10 million accounts across more than 40 countries, providing regulatory compliance layers and integration with AI-powered investment insights.

Differentiator

Problem solved

Functional benefit

Brands

• Instant Tokenization Network: Platform enabling proxy voting, investor communications, and voting entitlement reconciliation for tokenized and traditional equities across blockchain networks.
• Broker API

Products and services

• Alpaca Rental Platform

Quantifiable outcome

• Supports $1.5B+ assets under custody
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature4 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• Broadridge Financial SolutionscoreTechnology or Integration · 20 July 2026Integration of Broadridge's governance infrastructure into Alpaca's Instant Tokenization Network. The solution enables proxy voting, investor communications, and voting entitlement reconciliation for tokenized and traditional equities, helping investors retain shareholder rights across blockchain networks.
• WealthKernelcoreStrategic or Co-development Partner · 24 April 2026Acquisition of European fintech provider WealthKernel, establishing Alpaca Europe as fully compliant operational base authorized by UK FCA and Spain's CNMV. Enables launch of European equities trading starting with Germany's Xetra, with expansion planned to Euronext and London Stock Exchange.
• BridgeWiseflagshipStrategic or Co-development Partner · 18 March 2026Strategic partnership delivering institutional-grade AI investment insights to Alpaca's ecosystem. BridgeWise's multi-language AI analysis covering 70,000+ global securities accessible through Alpaca's Broker API, enabling instant trade execution for unified intelligence-to-execution experience.
• DTCCflagshipStrategic or Co-development PartnerParticipation in DTCC's live tokenized asset trades in July 2026, demonstrating institutional-grade adoption and regulatory compliance.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• WG-Gesucht: Germany's leading apartment and shared-housing rental marketplace. Directly comparable as a two-sided rental listing platform serving the same renter/landlord audiences in the German market that the Berlin Alpaca startup targeted.
• Spacestellar (formerly Vermietet.de): German rental management and tenant-communication platform targeting private landlords. Directly comparable as a Berlin-adjacent rental-tech company serving the same landlord-side pain points Alpaca set out to address.
• Rentberry: Global rental marketplace with transparent application and bidding workflows. Directly comparable as a two-sided rental platform applying digital tooling to the renter-landlord transaction flow Alpaca targeted.
• Spotahome: Mid-to-long-term rental marketplace operating across Europe with online booking and verification. Comparable as a European-focused rental platform addressing renter discovery and landlord lead flow, similar in scope to Alpaca's stated mission.
• Badi: Barcelona-based room and apartment rental marketplace serving European urban renters. Directly comparable as a two-sided European rental platform addressing renter discovery and landlord screening flows in markets adjacent to Alpaca's.

Broad incumbents

• Immobilienscout24: Germany's dominant real estate vertical, operating across rentals, sales, and commercial. Comparable as a broad incumbent in the same renter/landlord workflow that Alpaca aimed to digitize, but with a much wider portfolio.
• Zillow: Largest US residential real estate marketplace with rental listings as a major vertical. Comparable as a broad incumbent operating a renter-facing discovery and landlord lead-generation model similar to what Alpaca aimed to deliver in Germany.
• Rightmove: UK's dominant residential property portal with significant rental vertical presence. Comparable as a broad European incumbent operating renter discovery and landlord acquisition channels analogous to Alpaca's intended product surface.

Regional players

• Idealista: Leading Southern European (Spain, Italy, Portugal) residential real estate marketplace. Comparable as a regional rental/real-estate marketplace operator in adjacent European geographies to Alpaca's Berlin HQ.

Emerging players

• Nested: UK-based home-selling and rental platform (now in administration / wound down) that overlapped the renter/landlord workflow space. Comparable as an early-stage European property-tech that pursued an adjacent thesis and ultimately failed — a cautionary peer for Alpaca.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alpaca