NaroIQ, a German fintech and capital markets technology developer that enables European companies to launch and manage ETFs and funds with lower cost and effort, has raised €5.85 million in seed funding led by Magnetic, FinTech VC Redstone, and other existing investors. Founded in 2022, NaroIQ addresses market concentration and outdated fund servicing processes by offering modular, API-first, cloud-native solutions that democratize access for smaller fund providers. As European ETF assets grow but profits stagnate, NaroIQ positions itself as a crucial enabler of innovation, aiming to reduce entry barriers, decentralize control, and establish a resilient, Europe-led alternative to the U.S.-dominated fund administration landscape.

NaroIQ Raises €5.8 Million to Establish European Fund Infrastructure