Cross River announced that its parent company, CRB Group, has secured $50 million in common equity funding to accelerate growth across artificial intelligence, cryptocurrency, and embedded finance.
The investment was led by existing backers, including funds managed by T. Rowe Price, signaling continued confidence in Cross River’s strategy to modernize financial infrastructure through a unified platform.
The new capital will support product innovation, deepen partnerships, and expand the company’s international footprint. Cross River is positioning itself around what it calls “embedded finance 2.0,” integrating crypto, lending, payments, and card services into a single platform enhanced by an AI-driven layer for compliance, risk management, and scalability.
Founded in 2008, Cross River provides infrastructure powering financial services for more than 100 technology partners, including major fintech and tech platforms. Its proprietary real-time banking core enables partners to deliver services across payments, lending, crypto, and capital markets at scale.
The funding follows a strong 2025 for the company, marked by growth in payments, capital markets, and lending. With this latest raise, Cross River aims to further expand its crypto capabilities, accelerate AI development, and bring new financial products to global markets.
KEY QUOTE:
“We’re proud to announce that T. Rowe Price deepened its investment in Cross River. 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.”
Gilles Gade, Chairman, Founder, And CEO Of Cross River
