Cross River Raises $50 Million to Expand AI and Crypto Capabilities
Cross River's parent company, CRB Group, has secured $50 million in equity funding to accelerate growth across artificial intelligence, cryptocurrency, and embedded finance. T. Rowe Price led the round, signaling continued confidence in the company's strategy.
The bank provides infrastructure for more than 100 technology partners, including major fintech and tech platforms. Its real-time banking core enables partners to offer payments, lending, crypto, and capital markets services at scale.
What the money will fund
Cross River plans to use the capital for product development, deeper partnerships, and international expansion. The company is positioning itself around what it calls "embedded finance 2.0" - bundling crypto, lending, payments, and card services into a single platform with an AI layer for compliance and risk management.
The funding follows strong growth in 2025 across payments, capital markets, and lending.
The strategy
Cross River's approach combines multiple financial services on one platform rather than forcing partners to integrate separate systems. The AI component handles compliance and risk management, reducing manual oversight.
Gilles Gade, the company's founder and CEO, said: "We're proud that T. Rowe Price deepened its investment in Cross River. We thank them for their support of embedded finance 2.0 - the bundling of crypto, lending, payments, and cards on one platform with a sophisticated AI layer to deliver innovative solutions with exceptional compliance and risk management."
Founded in 2008, Cross River operates as a bank service provider, meaning it powers financial services for other companies rather than serving consumers directly.
Your membership also unlocks:
