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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

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

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