Cross River Bank Boosts Credit Facility for Neobank Upgrade

February 10, 2026 @ 12:07 pm By JD Alois

Cross River Bank says it has increased the credit facility for neobank Upgrade from $150 million to $250 million.

Cross River explains the move underscores the Bank’s commitment to “scaling alongside innovative partners in the consumer lending ecosystem.”

Noah Cooper, Chief Investment Officer and Head of Capital Solutions Group at Cross River, said the company is committed to delivering the financing that its “Banking-as-a-Service and Marketplace Lending partners need to scale.”

Upgrade offers consumer credit and banking products to its users. Since its launch in 2017, Upgrade reports it has delivered over $45 billion in credit to more than 7.5 million customers.

Upgrade offers Personal Loans, Mobile Banking, Cards, BNPL, Home Improvement Financing, and Auto Financing.

Cross River enables Fintech infrastructure, including its real-time banking core.

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 23, 2026 vs Jan 1, 2025 - Oct 23, 2025

Number of Filings131Prior 125 +4.8%

Target Raise, Total$3.40BPrior $3.54B -3.9%

	This YTD	Year prior	Change
Filings	131	125	+4.8%
Target raise	$3.40B	$3.54B	-3.9%

Sponsored by the Crowded Media Group the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us @CrowdfundInside

Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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