Alpaca, a self-clearing API for the broker and the real estate broker, announced the destined acquisition of Wealthkernel, a WealthTech company specializing in digital investment infrastructure and tax products. The parties have reported that this strategic acquisition would bring the Infrastructure Brokerage of Wealthkernel in the United Kingdom and the EU to achieve its mission to open financial services to everyone on the planet.
“The acquisition of Wealthkernel is an important step for Alpaka to become a truly global brokerage infrastructure. Wealthkernel has gained a very considered reputation in the United Kingdom and the EU, a close worker with many financial institutions,” said Yoshi Yokokawa, CEO of Alpaca. “With Wealthkernel integrating, we are entering the United Kingdom and the EU directly, enhancing our support for global institutions that wish to regulate border investment.”
Wealthkernel brings wealth management opportunities, including ISAS, SIPPS and other tax advice, completing Alpaca’s commercial infrastructure. Alpaca, who has long supported the partners of the United Kingdom and the EU, is now gaining the opportunity to act as a fully authorized broker-intermediary through Wealthkernel licenses.
“The participation of the forces with Alpaca will allow us to escalate our mission faster while maintaining the high standards awaiting our customers,” said Karan Shanmugarajah, Managing Director of Wealthkernel. “We are excited to bring our regulatory experience and deep products set on the Alpaca world platform.”
The agreement unites a strong team with deep expertise in brokerage, compliance and financial technology – divorces of shared technology and compliance. Further strengthening this Foundation, the recently appointed Alpaca CFO, Nadia ASOYAN, brings Fintech seasoned leadership from previous executive roles to Robinhood and Square. The combined organization will continue global businesses, with key hubs in North America, Europe and Asia.
This intended acquisition strengthens Alpaca’s position as a full world brokerage infrastructure provider, allowing brokers, banks and fintechs to quickly start trading, diligence and wealth. Earlier this year, Kraken strategically worked with Alpaca to deliver US shares without supplies to US customers and participated as one of their 200+ world partners.
Completion of the acquisition remains subject to regulatory approval by the UK financial behavior Authority and the Spanish Comisión Nacional del Mercado de Valores.
About Alpaca
Alpaca is an infrastructure with funding and broker and stock market infrastructure for stocks, ETFs, options, encryption, fixed income and transaction 24/5-increasing over $ 170 million in funding. Alpaca is backed by world -class investors, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund and Y Combinator.
About wealth
Wealthkernel provides investment and savings infrastructure for regulated businesses in the United Kingdom and the EU. With emphasis on modern wealth, compliance and technology of first development, Wealthkernel allows businesses to manufacture and scale digital investment experiences.