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Alpaca, a self-clearing broker-dealer and provider of brokerage infrastructure APIs, has announced plans to acquire Zincmoney IFSC Private Limited, a broker-dealer regulated by the International Financial Services Centres Authority (IFSCA) operating from the Gujarat International Finance Tec-City (GIFT City).
The acquisition will provide Alpaca with India-focused brokerage licences and infrastructure, serving as an entry point into the Indian market. Zincmoney has established operations in GIFT City working with Indian financial institutions and fintech firms.
Yoshi Yokokawa, co-founder and CEO of Alpaca
Yoshi Yokokawa, co-founder and CEO of Alpaca, said:
"The acquisition of Zincmoney is critical to building truly global brokerage infrastructure. Zincmoney has established itself in GIFT City by working closely with Indian financial institutions and fintechs. With their team and licences joining Alpaca, we are excited to serve the Indian market as a regulated broker-dealer whilst supporting partners who need compliant access to US securities and other investing solutions."
Zincmoney offers capabilities across Indian and global investing, including access to international securities, IFSC-listed products, and portfolio solutions designed for overseas education and restricted stock unit (RSU) management. These will complement Alpaca's multi-asset brokerage infrastructure, which includes US stocks and options, enabling partners to embed trading, custody, and wealth products via APIs. The acquisition also includes Zincmoney's payment service provider (PSP) to facilitate customer payments and transfers across India.
Mayuresh Kini, Co-Founder of Zincmoney
Mayuresh Kini of Zincmoney said:
“Joining Alpaca allows us to accelerate what we set out to build–making global investing and IFSC products accessible to Indian households through the partners they already trust. We're excited to combine our regulatory expertise and India-first product set with Alpaca.”
Kini will transition to CEO of Alpaca India following regulatory approvals.
The acquisition combines Alpaca's global infrastructure with Zincmoney's knowledge of the Indian regulatory and distribution landscape. Alpaca positions itself as a full-stack global brokerage infrastructure provider for brokers, banks, and fintechs to launch investing and wealth products.
Completion of the acquisition remains subject to regulatory approval from the International Financial Services Centres Authority (IFSCA).
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