Latest news with #WealthKernel
Yahoo
11-07-2025
- Business
- Yahoo
Alpaca to acquire wealthtech company WealthKernel
US-based self-clearing broker-dealer Alpaca has unveiled plans to acquire WealthKernel, a wealthtech company focused on digital investment infrastructure and tax-advantaged products. This strategic acquisition aims to enhance Alpaca's capabilities in the UK and European Union (EU) markets, aligning with its mission to make financial services accessible worldwide. The acquisition is pending regulatory approval from the UK Financial Conduct Authority and Spain's Comisión Nacional del Mercado de Valores. WealthKernel focuses on delivering investment and savings infrastructure for regulated businesses, emphasising modern wealth products and scalable digital investment solutions. Its expertise in wealth management, including individual savings accounts (ISAs) and self-invested personal pensions (SIPPs), will strengthen Alpaca's existing trading infrastructure. By integrating WealthKernel's regulatory licences, Alpaca will operate as a fully authorised broker-dealer in these regions, further supporting its partners. The acquisition combines a team with knowledge in brokerage operations, compliance, and financial technology, according to the company/ This move is expected to enhance Alpaca's position as a comprehensive provider of brokerage infrastructure, enabling banks, brokers, and fintech companies to launch trading, custody, and wealth management products in compliance with regulations. WealthKernel CEO Karan Shanmugarajah said: 'Joining forces with Alpaca will allow us to scale our mission faster, while maintaining the high standards our clients expect.' Alpaca's newly appointed chief financial officer, Nadia Asoyan, who has held senior roles at Robinhood and Square, will bring her fintech expertise to the merged entity. The organisation will maintain its global presence with operations in North America, Europe, and Asia. Earlier this year, Alpaca formed a strategic partnership with Kraken, allowing the cryptocurrency exchange to offer commission-free US equities trading to its American clients. Alpaca CEO Yoshi Yokokawa said: 'The acquisition of WealthKernel is a major step for Alpaca in becoming a truly global brokerage infrastructure. 'WealthKernel has gained a highly regarded reputation in the UK and EU through working closely with a number of financial institutions.' Alpaca, headquartered in the US, provides infrastructure for trading stocks, ETFs, options, cryptocurrencies, and fixed income, having secured over $170m in funding from notable investors including Portage Ventures, Spark Capital, and Y Combinator. "Alpaca to acquire wealthtech company WealthKernel" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
Alpaca to acquire wealthtech company WealthKernel
US-based self-clearing broker-dealer Alpaca has unveiled plans to acquire WealthKernel, a wealthtech company focused on digital investment infrastructure and tax-advantaged products. This strategic acquisition aims to enhance Alpaca's capabilities in the UK and European Union (EU) markets, aligning with its mission to make financial services accessible worldwide. The acquisition is pending regulatory approval from the UK Financial Conduct Authority and Spain's Comisión Nacional del Mercado de Valores. WealthKernel focuses on delivering investment and savings infrastructure for regulated businesses, emphasising modern wealth products and scalable digital investment solutions. Its expertise in wealth management, including individual savings accounts (ISAs) and self-invested personal pensions (SIPPs), will strengthen Alpaca's existing trading infrastructure. By integrating WealthKernel's regulatory licences, Alpaca will operate as a fully authorised broker-dealer in these regions, further supporting its partners. The acquisition combines a team with knowledge in brokerage operations, compliance, and financial technology, according to the company/ This move is expected to enhance Alpaca's position as a comprehensive provider of brokerage infrastructure, enabling banks, brokers, and fintech companies to launch trading, custody, and wealth management products in compliance with regulations. WealthKernel CEO Karan Shanmugarajah said: 'Joining forces with Alpaca will allow us to scale our mission faster, while maintaining the high standards our clients expect.' Alpaca's newly appointed chief financial officer, Nadia Asoyan, who has held senior roles at Robinhood and Square, will bring her fintech expertise to the merged entity. The organisation will maintain its global presence with operations in North America, Europe, and Asia. Earlier this year, Alpaca formed a strategic partnership with Kraken, allowing the cryptocurrency exchange to offer commission-free US equities trading to its American clients. Alpaca CEO Yoshi Yokokawa said: 'The acquisition of WealthKernel is a major step for Alpaca in becoming a truly global brokerage infrastructure. 'WealthKernel has gained a highly regarded reputation in the UK and EU through working closely with a number of financial institutions.' Alpaca, headquartered in the US, provides infrastructure for trading stocks, ETFs, options, cryptocurrencies, and fixed income, having secured over $170m in funding from notable investors including Portage Ventures, Spark Capital, and Y Combinator. "Alpaca to acquire wealthtech company WealthKernel" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
10-07-2025
- Business
- Finextra
US fintech Alpaca to acquire WealthKernel
US fintech Alpaca is to acquire the UK's WealthKernel, a provider of digital investment infrastructure and tax-advantaged products for businesses. 0 Alpaca will lean on WealthKernel's EU and UK licences with the ambition of creating a global brokerage API for the wealth management industry. WealthKernel brings wealth management capabilities, including ISAs, SIPPs, and other tax-advantaged accounts, complementing Alpaca's trading infrastructure. The firm has helped the likes of Claro Money, Wahed, and Wealth8 to enter underserved areas of the wealth services market, covering areas from halal and ethical investment to ESG. It last raised £6 million in a Series extension round in Janary 2024. "The acquisition of WealthKernel is a major step for Alpaca in becoming a truly global brokerage infrastructure. WealthKernel has gained a highly regarded reputation in the UK and EU through working closely with a number of financial institutions," says Yoshi Yokokawa, CEO of Alpaca. "With WealthKernel joining us, we're directly entering the UK and EU, enhancing our support of global institutions that desire regulated investing across borders." The deal reinforces Alpaca's position as a full-stack, global brokerage infrastructure provider, enabling brokers, banks, and fintechs to launch trading, custody, and wealth products quickly, compliantly, and at scale. Earlier this year, Kraken partnered with Alpaca to deliver commission-free US equities trading to their US clients and joined as one of their 200+ global partners.
Business Wire
10-07-2025
- Business
- Business Wire
Alpaca Enters UK and EU Market through WealthKernel Acquisition
NEW YORK & LONDON--(BUSINESS WIRE)--Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, today announced its intended acquisition of WealthKernel, a wealthtech firm specializing in digital investment infrastructure and tax-advantaged products. This strategic acquisition will bring WealthKernel's UK and EU licensed brokerage infrastructure to Alpaca, supporting their rapid global expansion to achieve its mission of opening financial services to everyone on the planet. 'The acquisition of WealthKernel is a major step for Alpaca in becoming a truly global brokerage infrastructure. WealthKernel has gained a highly regarded reputation in the UK and EU through working closely with a number of financial institutions,' said Yoshi Yokokawa, CEO of Alpaca. 'With WealthKernel joining us, we're directly entering the UK and EU, enhancing our support of global institutions that desire regulated investing across borders.' WealthKernel brings wealth management capabilities, including ISAs, SIPPs, and other tax-advantaged accounts, complementing Alpaca's trading infrastructure. Alpaca, which has long supported their UK and EU partners, now gains the ability to act as a fully authorized broker-dealer through WealthKernel's licenses. 'Joining forces with Alpaca will allow us to scale our mission faster, while maintaining the high standards our clients expect,' said Karan Shanmugarajah, CEO of WealthKernel. 'We're excited to bring our regulatory expertise and deep product set to Alpaca's global platform.' The deal unites a strong team with deep expertise in brokerage operations, compliance, and financial technology—leveraging shared tech and compliance frameworks. Further strengthening this foundation, Alpaca's recently appointed CFO, Nadia Asoyan, brings seasoned fintech leadership from prior executive roles at Robinhood and Square. The combined organization will continue global operations, with key hubs in North America, Europe, and Asia. This intended acquisition reinforces Alpaca's position as a full-stack, global brokerage infrastructure provider, enabling brokers, banks, and fintechs to launch trading, custody, and wealth products quickly, compliantly, and at scale. Earlier this year, Kraken strategically partnered with Alpaca to deliver commission-free US equities trading to their US clients and joined as one of their 200+ global partners. Regulatory Disclosures Completion of the acquisition remains subject to regulatory approval from the UK Financial Conduct Authority and the Spanish Comisión Nacional del Mercado de Valores. About Alpaca Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, and 24/5 trading – raising over USD170 million in funding. Alpaca is backed by top-tier investors globally, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator. About WealthKernel WealthKernel provides investment and savings infrastructure for regulated businesses in the UK and EU. With a focus on modern wealth products, compliance, and developer-first technology, WealthKernel enables firms to build and scale digital investment experiences. Options trading is not suitable for all investors due to its inherent high risk, which can potentially result in significant losses. Please read Characteristics and Risks of Standardized Options before investing. All investments involve risk; for more information, please see our Disclosure Library. Brokerage services are provided by Alpaca Securities LLC (member FINRA / SIPC), a subsidiary of AlpacaDB, Inc. Crypto services are provided by Alpaca Crypto LLC, a FinCEN-registered MSB (NMLS #2160858) and AlpacaDB subsidiary; it is not a SIPC or FINRA member, crypto assets are not FDIC or SIPC insured. Technology and Services offered by AlpacaDB, Inc. This is not an offer, solicitation, or advice to buy, sell, or open accounts in any jurisdiction where Alpaca is unlicensed.
