US Brokerage Platform Alpaca Secures US$435 Million, Including Debt from Kraken Parent and BMO

Alpaca has secured US$435 million in a new financing package, which includes US$300 million in debt financing from Payward, the parent company of major cryptocurrency exchange Kraken, and Canadian bank BMO. The remaining US$135 million consists of equity in a funding round led by Peak XV with significant participation from Elefund…