How MerQube sold Wall Street on open indexing relationships

Four-year-old Silicon Valley firm sees growing role for third parties as indexes become more complex

Vinit Srivastava knows something about being stuck in the wrong relationships, at least when it comes to banking.

MerQube, the Silicon Valley-based indexing firm Srivastava founded in 2019, was a customer of First Republic. When the regional banking crisis erupted in March, Srivastava scrambled to re-house the company’s deposits. While other start-ups found themselves stuck in months-long queues to open commercial bank accounts elsewhere, MerQube had already found a willing partner in JP Morgan

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