Alpaca has also completed its acquisition of Zincmoney, a regulated broker-dealer in GIFT City, marking our official entry into India
Mayuresh Kini joins Alpaca to lead this expansion, bringing deep experience building financial services businesses across India’s fintech ecosystem
We’re excited to welcome Mayuresh Kini as CEO of Alpaca India and announce the close of our acquisition of Zincmoney IFSC Private Limited (“Zincmoney”), a broker-dealer regulated by the International Financial Services Centres Authority (IFSCA) and operating in Gujarat International Finance Tec-City (GIFT City).
Mayuresh brings extensive experience building financial services businesses, with a strong track record across India’s fintech ecosystem. As a co-founder of Zincmoney, he has deep expertise at the intersection of Indian regulation and modern investing infrastructure,making him uniquely positioned to lead Alpaca’s next phase of growth in the region.
In his new role, Mayuresh will:
- Lead Alpaca’s launch in GIFT City, ensuring a compliant and scalable foundation
- Manage regulatory engagement with IFSCA, maintaining a transparent and trusted operating framework
- Build and scale our India team with top-tier talent
- Drive Alpaca’s regional strategy, expanding our presence and partnerships
Alpaca Completes Acquisition of Zincmoney
Alongside this leadership appointment, Alpaca has closed its acquisition of Zincmoney. Through this acquisition, Alpaca is officially entering India, expanding our global presence and enabling partners to access global markets in one of the world’s fastest-growing financial ecosystems.
By establishing a regulated presence in GIFT City, India’s international financial services hub, we are positioned to connect Indian investors with global markets, and provide:
- API-First Access: Streamlined, compliant API-driven access to US securities and financial services for Indian fintechs and institutions
- Scalable Multi-Asset Infrastructure: Combining Zincmoney’s capabilities with Alpaca’s multi-asset brokerage stack (stocks, options, fixed income, and more)
- Local Expertise: Leveraging Zincmoney’s experience to build infrastructure tailored to India’s regulatory and market needs
This marks a major milestone in our mission to open financial services to everyone on the planet by building a global de facto standard for brokerage infrastructure.
Building the Future of Brokerage in India
“Alpaca’s presence in India, and the addition of Mayuresh, are critical to our mission to open financial services to everyone on the planet,” said Yoshi Yokokawa, Co-Founder and CEO of Alpaca. “India is one of our most important markets and represents a significant share of the global economy. We look forward to further supporting our partners with access to borderless, compliant, high-performance brokerage infrastructure for Indian investors.”
“Joining Alpaca is an incredible opportunity to redefine how financial infrastructure serves the Indian market,” said Mayuresh Kini, CEO of Alpaca India. “By combining Zincmoney’s local regulatory expertise and India-first product set with Alpaca’s world-class technology, we are positioned to empower our partners and make global investing more accessible.”
Interested in learning more about how you can build with Alpaca in India? For prospective partners, please contact Alpaca’s Sales team at [email protected] or complete the form below.
For existing partners, please contact your Customer Success Manager (CSM) or email the Success team at [email protected].
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About Alpaca
Alpaca is a US-headquartered, self-clearing broker-dealer and a global leader in brokerage infrastructure APIs providing access to stocks, ETFs, options, fixed income, and crypto. Alpaca delivers embeddable finance solutions for tokenization, fully paid securities lending, high-yield cash, 24/5 trading, Shariah-compliant investing, and more. Today, Alpaca powers over 10 million brokerage accounts across hundreds of fintechs and institutions in 40+ countries with over $320M in funding.
*Alpaca India is currently in the process of seeking necessary regulatory approvals. Any reference to anticipated approvals are subject to regulatory authorization and there can be no assurance that such approvals will be obtained.
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