Alpaca, a self-clearing broker-dealer and a global leader in brokerage infrastructure APIs, recently announced its intention to acquire Zincmoney IFSC Private Limited (“Zincmoney”), a broker-dealer regulated by the International Financial Services Centres Authority (IFSCA) and operating from the Gujarat International Finance Tec-City (GIFT City).
This strategic acquisition will bring Zincmoney’s India-focused brokerage licenses and infrastructure to Alpaca, serving as an operational entry point and accelerating their global expansion into one of the world’s fastest-growing markets. The move strengthens Alpaca’s mission to expand access to modern financial services for people around the world.
“The acquisition of Zincmoney is critical to building truly global brokerage infrastructure,” said Yoshi Yokokawa, Co-Founder and CEO of Alpaca. “Zincmoney has established itself in GIFT City by working closely with Indian financial institutions and fintechs. With their team and licenses joining Alpaca, we are excited to serve the Indian market as a regulated broker-dealer while supporting partners who need compliant access to US securities and other investing solutions.”
Zincmoney brings capabilities across Indian and global investing, including access to international securities, IFSC-listed products, and diversified portfolio solutions designed for overseas education and restricted stock unit (RSU) management. These will complement Alpaca’s multi-asset brokerage infrastructure, like US stocks and options, which enables partners to embed trading, custody, and wealth products via modern APIs for the next generation of investing experiences. Additionally, this intended acquisition includes Zincmoney’s PSP to facilitate customer payments and transfers across India.
“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,” said Mayuresh Kini of Zincmoney IFSC. “We’re excited to combine our regulatory expertise and India-first product set with Alpaca.”
The combination unites teams with deep experience in brokerage operations, compliance, and embedded finance between Alpaca’s global infrastructure with Zincmoney’s local market expertise of the Indian regulatory and distribution landscape. Notably, Kini will transition to CEO of Alpaca India post regulatory approvals.
This intended acquisition further cements Alpaca’s leading position as a full-stack global brokerage infrastructure provider–enabling brokers, banks, and fintechs to launch investing and wealth products quickly, compliantly, and at scale.
