Cross River is a United States-based startup founded in 2008, aiming to shape the future of financial services. The company's slogan, "Powering the future of financial services," reflects its dedication to leveraging technology infrastructure to revolutionize the industry. Cross River Bank stands out through its proprietary real-time banking core, delivering innovative and scalable embedded payments, cards, and lending solutions to millions of consumers and businesses in the Financial Services, Fintech, and Banking sectors. In its latest funding round on 30th March 2022, Cross River successfully secured a significant $620.00M in a Series D investment. This substantial funding was made possible through the backing of prominent investors, including Hanaco Ventures, Andreessen Horowitz/ a16z, T. Rowe Price, Eldridge Industries, and Whale Rock Capital Management. With the support of these leading investors, Cross River is well-positioned to continue reshaping global finance and contributing to financial inclusion. As the company serves essential fintech and technology companies, it plays a crucial role in driving innovation and accessibility in the financial services industry. As a Member FDIC, Cross River is not only transforming the sector but also ensuring the stability and security of its offerings.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series D | $620.00M | 5 | 30 Mar 2022 | |
Debt Financing | $106.00M | - | 11 May 2020 | |
Series C | $27.00M | 3 | VCI Global | 27 Apr 2020 |
Series B | $100.00M | 7 | Poalim Equity, Kohlberg Kravis Roberts +1 | 06 Dec 2018 |
Debt Financing | $27.00M | - | 08 Jun 2018 |
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