The round was led by Eldridge and Andreessen Horowitz, with participation from funds and accounts advised by T. Rowe Price Investment Management, Whale Rock, and Hanaco Ventures. Several of Cross River’s existing investors and significant partners also participated in the round. FT Partners served as exclusive strategic and financial advisor to Cross River on this transaction.
This new capital will accelerate Cross River’s ongoing technology-focused growth strategy, which includes four core initiatives: building out the company’s embedded payments, cards, lending, and crypto solutions; further investing in its people and communities; continuing to execute against plans for international expansion; and bolstering strategic partnerships.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now