Alpaca Expands into Europe with WealthKernel Acquisition and Launch of European Equities Trading

Alpaca has successfully acquired WealthKernel, rebranding it as Alpaca Europe, to expand its investment and wealth management services in the UK and EU, while simultaneously launching European equities trading starting with Germany's Xetra exchange. This acquisition establishes Alpaca's regulated presence in Europe, leveraging WealthKernel’s brokerage infrastructure and licenses to enhance its investment product capabilities, including tax-advantaged offerings like ISAs and SIPPs. Karan Shanmugarajah, former CEO of WealthKernel, will lead Alpaca Europe, focusing on regional operations and market expansion. The integration provides fintechs and financial institutions with a simplified API-driven infrastructure for cross-border investing, supported by major financial entities like BNP Paribas. Alpaca's move aligns with its broader strategy to create a unified global brokerage platform, reducing the need for market-specific infrastructure rebuilding, and extending its trading services into additional European and global exchanges.