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MerQube is a technology company.
MerQube provides cloud-native technology for designing and calculating financial indices. Its platform optimizes rules-based investment strategies and passive solutions for the financial industry. Leveraging advanced infrastructure, the company delivers customizable and efficient index methodologies, addressing modern market demands for sophisticated financial products.
Vinit Srivastava, Keith Loggie, and Praveen Yalagandula co-founded MerQube in 2019. Vinit Srivastava, CEO, brought extensive experience as Global Head of Strategy and Volatility at S&P Dow Jones Indices. The founders aimed to modernize index creation and management by applying an agile, technologically advanced, and cloud-based framework to traditional financial processes.
MerQube’s solutions cater to financial product providers needing innovative index capabilities for various offerings. The company envisions becoming the premier next-generation index platform, driving innovation in how investment benchmarks are conceived and delivered. They seek to empower clients with precise and adaptable tools within the global financial ecosystem.
MerQube has raised $22.0M across 1 funding round.
MerQube has raised $22.0M in total across 1 funding round.
MerQube has raised $22.0M in total across 1 funding round.
MerQube's investors include Intel Capital, F-Prime Capital Partners, Nyca Partners, Allianz Life Ventures, Citi, J.P. Morgan, Laurion Capital Management, UBS.
MerQube is a fintech company founded in 2019 and headquartered in San Francisco, California, that provides a cloud-native SaaS platform for designing and calculating indices used in rules-based investment strategies and passive solutions.[1][2][3][4][5] It serves asset managers, financial institutions, and investors by enabling rapid development and deployment of custom indices across thematic, ESG, factor, retirement, multi-asset, equities, futures, and options categories, addressing the limitations of traditional index providers with advanced, technology-driven efficiency.[1][3][4] The company has demonstrated strong growth momentum, raising $27M in total funding including a $22M Series B round, achieving $12.4M in revenue, and employing around 59 people, while expanding internationally with FCA authorization for its UK entity as a benchmark administrator.[3][5]
MerQube was established in 2019 in San Francisco as a technology-driven alternative to legacy index providers, leveraging cloud-based architecture to modernize index creation and tracking.[2][3][4][5] While specific founders are not detailed in available sources, the company emerged from the need for faster, more efficient tools in rules-based investing, quickly gaining traction through innovations like the FreightWaves Supply Chain Tech Index and securing significant venture funding.[3][5] A pivotal moment came with its $22M Series B funding, underscoring early validation of its SaaS model for B2B financial services.[3][5] Its UK arm later received FCA authorization under the Benchmarks Regulation, marking regulatory maturity and global expansion.[3]
MerQube rides the wave of rules-based investing and fintech democratization of index creation, fueled by demand for customizable ESG, thematic, and factor strategies amid rising passive asset management.[1][3][4] Timing aligns with post-2019 cloud adoption surges and regulatory shifts like the EU/UK Benchmarks Regulation, positioning it to capitalize on market forces such as AI-driven analytics and supply chain disruptions that demand agile indexing tools.[3][5] By enabling quicker innovation for asset managers, it influences the ecosystem by lowering barriers to niche indices, fostering competition against incumbents and supporting growth in $10T+ passive investing markets.[3][4]
MerQube is poised for accelerated expansion through international regulatory approvals, deeper SaaS integrations, and new index verticals like AI-themed or climate-focused products amid evolving investor preferences.[3][4] Trends in automated trading, ESG mandates, and cloud fintech will propel its trajectory, potentially scaling revenue beyond current levels via enterprise partnerships. Its influence may evolve from niche innovator to core infrastructure player, empowering the next generation of rules-based strategies in a fragmented investment landscape—reinforcing its role as a technology disruptor in fintech indexing.[1][3][5]
MerQube has raised $22.0M across 1 funding round. Most recently, it raised $22.0M Series B in July 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2023 | $22.0M Series B | Intel Capital | F-Prime Capital Partners, Nyca Partners, Allianz Life Ventures, Citi, J.P. Morgan, Laurion Capital Management, UBS |