Cross River Raises $50M to Expand AI and Crypto Capabilities
Cross River Bank secured $50 million in new equity funding, with T. Rowe Price Investment Management leading the round alongside existing investors. The capital will fund expansion across artificial intelligence, cryptocurrency, and embedded finance products.
The fintech infrastructure provider powers financial solutions for over 100 technology partners, including Stripe, Plaid, Coinbase, and Affirm. Cross River operates a real-time banking core that enables partners to offer payments, lending, crypto, and capital markets services to businesses and consumers.
What the Capital Targets
Cross River plans to scale its cryptocurrency capabilities, accelerate AI for Finance initiatives, and expand globally. The company also intends to deepen partnerships and launch new products.
CEO Gilles Gade framed the strategy as "embedded finance 2.0"-bundling crypto, lending, payments, and cards on a single platform with Generative AI and LLM capabilities to handle compliance and risk management.
Recent Momentum
The funding follows what Cross River calls a defining 2025, marked by product innovation and growth across payments, capital markets, and lending divisions. The company was founded in 2008 and is backed by leading global investors.
CRB Securities served as exclusive financial advisor on the transaction. Sullivan and Cromwell LLP provided legal counsel.
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