Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Sacra estimates that Alpaca hit $100M in annualized revenue in September 2025, up from $60M at the end of 2024.</li><li>Alpaca raised $50M in Series C funding from Tencent in 2024 at a $461M post-money valuation.</li><li>Alpaca is in late-stage discussions with several major enterprise clients that could significantly expand the platform's scale and market positioning.</li></ul>

Sacra estimates that Alpaca hit $100M in annualized revenue in September 2025, up from $60M at the end of 2024.Alpaca raised $50M in Series C funding from Tencent in 2024 at a $461M post-money valuation.Alpaca is in late-stage discussions with several major enterprise clients that could significantly expand the platform's scale and market positioning.

Apex Fintech Solutions / Private Capital Markets

<ul><li>Apex Fintech Solutions has raised approximately $510 million across two funding events.</li><li>Apex functions as the underlying system powering apps such as SoFi and Webull, facilitating account openings, money deposits, and stock trading.</li><li>The business model benefits from network effects, as each new fintech partner increases the platform's overall liquidity and reduces per-unit costs.</li></ul>

Apex Fintech Solutions has raised approximately $510 million across two funding events.Apex functions as the underlying system powering apps such as SoFi and Webull, facilitating account openings, money deposits, and stock trading.The business model benefits from network effects, as each new fintech partner increases the platform's overall liquidity and reduces per-unit costs.

Primer: Apex Fintech Solutions - 06 Aug 2025

<ul><li>Alpaca hit $60M in annualized revenue in 2024, up 150% YoY as trading volume tripled to ~$180B.</li><li>Alpaca (2015) launched to do the same for the rest of the world, enabling fintechs in Asia &amp; the Middle East to bolt U.S. equities, margin, and option trading into their apps.</li><li>Over the next year, Alpaca is adding global equities, fixed income, and deeper options capabilities, building towards coverage of every major asset class.</li></ul>

Alpaca hit $60M in annualized revenue in 2024, up 150% YoY as trading volume tripled to ~$180B.Alpaca (2015) launched to do the same for the rest of the world, enabling fintechs in Asia &amp; the Middle East to bolt U.S. equities, margin, and option trading into their apps.Over the next year, Alpaca is adding global equities, fixed income, and deeper options capabilities, building towards coverage of every major asset class.

<ul><li>DriveWealth raised $450 million in a Series D round in August 2021, which valued the company at $2.85 billion.</li><li>DriveWealth is a brokerage infrastructure platform that enables apps and financial services to embed U.S. stock trading capabilities via REST APIs.</li><li>DriveWealth is expanding its offerings beyond basic equity trading to include higher-value financial products.</li></ul>

DriveWealth raised $450 million in a Series D round in August 2021, which valued the company at $2.85 billion.DriveWealth is a brokerage infrastructure platform that enables apps and financial services to embed U.S. stock trading capabilities via REST APIs.DriveWealth is expanding its offerings beyond basic equity trading to include higher-value financial products.

United States

Digital custody and clearing platform providing real-time transaction processing, account management, and asset safekeeping for financial services firms

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Apex Fintech Solutions (SOLUTIONS US)

Primer: Alpaca - 05 Nov 2025

API-based brokerage platform for developers to build investing applications and automate trading strategies

Sacra

Primer: Apex Fintech Solutions - 06 Aug 2025

Digital custody and clearing platform providing real-time transaction processing, account management, and asset safekeeping for financial services...

Sacra

Alpaca At $60M/year Growing 150% YoY

TL;DR: Alpaca is building the global equivalent of Apex Fintech Solutions—providing embedded brokerage APIs for fintechs outside the US to offer...

Sacra

Primer: DriveWealth - 05 Aug 2025

API for embedding U.S. securities trading into consumer and fintech apps

Sacra

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