Cross River has received $50 million in new equity capital from existing investors. While the funding terms were not disclosed by the Fintech, it has been reported that Cross River was valued at $3 billion.
Cross River reported that certain existing Cross River investors, accounts advised by T. Rowe Price Investment Management, provided the funding.
The new money is expected to be used to expand the digital banking platform’s services involving crypto and artificial intelligence, while boosting its embedded finance offerings.
Cross River offers a platform that enables lending, payments, card, and crypto solutions for over 100 technology partners, including X, Upgrade, Upstart, Trustly, Stripe, Plaid, DailyPay, Coinbase, Checkout, Bill.com, Best Egg, and Affirm. The Fintech supports services globally.
Cross River has experienced significant growth, with its deposit base expanding from around $100 million in 2010 to over $9 billion by 2021. As of late 2025, it reported record loan facilitation of more than $1 billion.
