Alpaca is acquiring Zincmoney to secure the licenses and infrastructure needed to launch its brokerage services in India.
Alpaca, an American self-clearing broker-dealer, has intended to acquire Zincmoney IFSC Private Ltd (Zincmoney), a broker-dealer regulated by India’s International Financial Services Centres Authority (IFSCA). The acquisition will bring Zincmoney’s India-focused brokerage licenses and infrastructure to Alpaca Zincmoney is a wholly owned subsidiary of Zinc Money Pte Ltd Singapore, and operates from the Gujarat International Finance Tec-City (GIFT City), which is a centrally planne