LONDON: Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, announced Thursday its planned acquisition of WealthKernel, a U.K.-based wealthtech firm specializing in digital investment infrastructure and tax-advantaged products. The deal will expand Alpaca’s global reach by integrating WealthKernel’s U.K. and EU-regulated brokerage services.
The acquisition enables Alpaca to offer licensed brokerage services in Europe, supporting its mission to democratize financial services worldwide. WealthKernel brings expertise in tax-efficient accounts, including ISAs and SIPPs, complementing Alpaca’s trading infrastructure.
“WealthKernel has a strong reputation in the U.K. and EU, making this a key step in our global expansion,” said Yoshi Yokokawa, CEO of Alpaca. “This allows us to better serve institutions needing cross-border regulated investing.”
WealthKernel CEO Karan Shanmugarajah said the deal will accelerate growth while maintaining service quality. The combined company will operate across North America, Europe, and Asia, leveraging shared technology and compliance frameworks.
Alpaca, which recently appointed former Robinhood and Square executive Nadia Asoyan as CFO, has over 200 global partners, including Kraken. The acquisition solidifies Alpaca’s position as a full-stack brokerage infrastructure provider for fintechs and financial institutions.
Financial terms of the deal were not disclosed.