US-based brokerage infrastructure API leader Alpaca announces plans to acquire Zincmoney IFSC, a brokerage proprietary trading firm regulated by the Indian Financial Services Authority (IFSCA) and located in GIFT City. This strategic acquisition will provide Alpaca with operational access and licensing, accelerate its rapid market expansion in India, and combine Zincmoney's local regulatory experience and product portfolio with Alpaca's global multi-asset infrastructure. The deal is subject to IFSCA approval, and once approved, Zincmoney's Mayuresh Kini will serve as Alpaca India's CEO.
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US-based brokerage infrastructure API leader Alpaca announces plans to acquire Zincmoney IFSC, a brokerage proprietary trading firm regulated by the Indian Financial Services Authority (IFSCA) and located in GIFT City. This strategic acquisition will provide Alpaca with operational access and licensing, accelerate its rapid market expansion in India, and combine Zincmoney's local regulatory experience and product portfolio with Alpaca's global multi-asset infrastructure. The deal is subject to IFSCA approval, and once approved, Zincmoney's Mayuresh Kini will serve as Alpaca India's CEO.