Funding will bolster new product launches, deepen partnerships, and expand the bank’s international footprint

FORT LEE, N.J.–(BUSINESS WIRE)–CRB Group, Inc., the parent company of Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced a $50 million common equity capital raise. The investment comes from certain existing Cross River investors, accounts advised by T. Rowe Price Investment Management, Inc. (“T. Rowe Price”), reinforcing the organization’s vision for modern financial services.

“We’re proud to announce that T. Rowe Price deepened its investment in Cross River,” said Gilles Gade, Chairman, Founder, and CEO of 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.”

The capital raise follows a defining 2025, marked by accelerating momentum across product innovation, payments, capital markets, and lending. It positions Cross River to further empower embedded finance by scaling its industry-leading crypto capabilities, accelerating its AI and global expansion strategy, deepening strategic partnerships, and bringing new products to market worldwide.

Founded in 2008 and backed by leading global investors, Cross River powers lending, payments, card, and crypto solutions for over 100 leading 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 that enables partners to deliver innovative embedded financial solutions at scale—spanning payments, lending, crypto, and capital markets—for businesses and consumers worldwide.

CRB Securities, LLC (“CRBS”) served as exclusive strategic financial advisor to Cross River on the transaction, with Sullivan and Cromwell LLP serving as the Company’s legal counsel.

About Cross River

Cross River builds technology that powers the future of financial services. Leveraging its proprietary real-time digital banking core, Cross River delivers innovative and scalable embedded payments, cards, lending and crypto solutions to millions of consumers and businesses. Cross River is backed by leading investors and serves the world’s most essential technology and fintech companies at the forefront of innovation. As a leader in the industry, Cross River is reshaping global finance and financial inclusion. Member FDIC. Find out more at www.crossriver.com.

Contacts

Media Contact
Cross River
Mackenzie DeLuca
201-808-7000 ext. 778
mdeluca@crossriver.com

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