Cross River Bank (a technology infrastructure provider that offers embedded financial solutions) announced that its Principal Finance Group closed $825 million of capital commitments in 2023.
These new investments – which include senior secured credit facilities and programmatic asset purchase arrangements – provide specialty finance platforms with additional capital to scale their commercial and consumer financing products.
Cross River’s Principal Finance Group is a specialized team that is focused on providing credit facilities and forward flow purchase arrangements to empower the growth of fintech platforms and their investors.
KEY QUOTE:
“The strong growth of our business in 2023 reflects our unwavering commitment to supporting fintech pioneers and accelerating the pace of financial innovation. We plan to deploy even more capital in the year ahead.”
– Rahul Jha, Head of Principal Finance at Cross River
