The index provider has secured new backing to scale its technology and expand in derivatives-linked ETF and structured product markets.
MerQube has closed a Series C funding round with participation from 7RIDGE and Deutsche Börse Group. Existing investors including Allianz Life Ventures, Citi, Intel Capital, J.P. Morgan, Laurion Capital Management and UBS. The size of the round was not disclosed. We are seeing strong traction across structured ETFs, customised index solutions and data-driven strategies - Vinit Srivastava, MerQube The company said the funding will be used to expand its index technology platform, increase