Riyadh – Sharikat Mubasher: Saudi Arabia’s Derayah Financial joined Alpaca’s $52 million Series C funding round, supporting the US-based brokerage infrastructure provider as it ramps up its global expansion efforts.
The round, announced from Alpaca’s new Manhattan office, also included participation from 850 Management, National Investments Company (NIC), Unbound, and Portage Ventures, as per a recent press release.
Derayah’s involvement highlights the growing interest from Middle Eastern investors in building next-generation fintech infrastructure for global markets.
Alpaca, a self-clearing broker-dealer offering APIs for stock, ETF, options, crypto, and fixed income trading, plans to strengthen its presence across the US, Middle East, and Asia. Its platform already powers over 5 million brokerage accounts for more than 200 partners across 40 countries.
The funding comes after a major year for Alpaca, with product launches such as US options trading, High-Yield Cash accounts, and local currency APIs. Looking ahead, Alpaca plans to introduce 24/5 trading and a Fully Paid Securities Lending program, aiming to meet growing global demand for continuous access to financial markets.
