MerQube lands $22m on Series B funding

San Francisco-based fintech start-up MerQube has successfully raised $22 million in Series B funding for its technology development in indexing and rules-based investing. The funding round was led by Intel Capital, with participation from new investor Allianz Life Ventures, as well as existing investors such as Citi, JP Morgan, Laurion Capital Management, and UBS. David Mueller, Investment Director at Intel Capital, will join the MerQube board as part of the investment.

MerQube’s cloud-native Software-as-a-Service (SaaS) platform offers design and calculation solutions for rules-based investment strategies and passive solutions through an API. The company aims to tap into the growing demand for technology that provides customisation, flexibility, scale, and speed to market in the index-linked investments market, which is projected to reach $30 trillion by 2027.

The start-up’s platform is designed to efficiently process extensive amounts of data from various sources and deliver cost-effective and rapidly implemented solutions. The funding will be used to expand MerQube’s engineering capabilities and platform infrastructure, hire new talent, and continue its expansion into key markets. The company recently received authorization from the UK’s Financial Conduct Authority (FCA) under the Benchmarks Regulation, further enhancing its regulatory compliance.