Cross River It raised $50 million in new equity capital from existing investors. While the financing terms were not disclosed by Fintech, it was reported that the value of Cross River was 3 billion dollars.
Cross River reported financing from some existing Cross River investors, accounts advised by T. Rowe Price Investment Management.
The new money is expected to be used to boost the digital banking platform’s built-in finance offerings while expanding its services that include crypto and artificial intelligence.
Cross River offers a platform that provides lending, payment, card and crypto solutions for more than 100 technology partners, including X, Upgrade, Upstart, Trustly, Stripe, Plaid, DailyPay, Coinbase, Checkout, Bill.com, Best Egg and Affirm. Fintech services support globally.
Cross River has seen significant growth, with its deposit base growing from approximately $100 million in 2010 to over $9 billion in 2021. It reported record credit relief of over $1 billion by late 2025.
