Fintech infrastructure provider Alpaca has successfully closed a $150 million Series D funding round, elevating its valuation to $1.15 billion. The round was spearheaded by Drive Capital, with significant contributions from Citadel Securities, Kraken, and BNP Paribas' venture capital arm. Additionally, Alpaca secured a $40 million credit line. Alpaca's platform facilitates the integration of trading services for stocks, ETFs, cryptocurrencies, and other financial instruments. Co-founder and CEO Yoshi Yokokawa highlighted the company's growth, noting that its annual recurring revenue has surpassed $100 million as the lines between traditional finance and the crypto sector continue to blur.