Investment banks spot the merit in brother’s software

In 1998, two brothers started working on a financial software product in the evenings and at weekends. By 2001 they had given up their day jobs and taken on a global investment bank as their first customer, writes Trish Dromey

The development of an innovative case -management and payment processing product has enabled Dublin company Merit Software to develop sales to seven of the world’s largest investment banks.

Operating from offices in Dublin and London, the firm offers software which automates the receivable and payable process for the investment banking industry and also provides products to manage a range of payments and claims including dividends, interest, stock and coupons.