Embedded finance provider Cross River has secured a $50 million capital raise to fuel investment in AI and crypto.
Editorial
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Founded in 2008 and backed by global investors, Cross River powers 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 company’s proprietary real-time banking core is the foundation for delivering embedded finance products spanning payments, lending, crypto, and capital markets—for businesses and consumers worldwide.
The funding, supported by existing investor T. Rowe Price, will be used for crypto scaling, global expansion and accelerated uptake of AI capabilities.
Gilles Gade, chairman, founder, and CEO of Cross River, says: “We thank T. Rowe Price for their support of Cross River’s strategy 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.”