Cross River
Founded Year
2008Stage
Series D | AliveTotal Raised
$1.053BValuation
$0000Last Raised
$620M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-17 points in the past 30 days
About Cross River
Cross River provides API-driven financial solutions across various business sectors. The company offers a suite of services, including embedded payments, card issuing, and digital lending for businesses. Cross River serves sectors that require fintech infrastructure, such as digital lenders, merchant acquirers, and neobanks. It was founded in 2008 and is based in Fort Lee, New Jersey. It is a subsidiary of CRB Group, Inc.
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ESPs containing Cross River
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The banking-as-a-service (BaaS) market provides infrastructure platforms for banks and fintechs to digitize their services and expand their customer base through embedded banking and payment options. This market also allows established non-fintech companies to add banking services to differentiate their offerings and generate new revenue streams. BaaS providers offer APIs that enable fintechs and …
Cross River named as Outperformer among 15 other companies, including Stripe, Marqeta, and Solaris.
Cross River's Products & Differentiators
Core financial services infrastructure
provide infrastructure via APIs
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Research containing Cross River
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Cross River in 2 CB Insights research briefs, most recently on May 8, 2024.
May 8, 2024
The embedded banking & payments market map
Oct 4, 2022 report
The Fintech 250: The most promising fintech companies of 2022Expert Collections containing Cross River
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Cross River is included in 10 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,261 items
Blockchain
8,596 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Fintech 100
1,347 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Digital Lending
2,334 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
SMB Fintech
1,231 items
Gig Economy Value Chain
155 items
Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry
Cross River Patents
Cross River has filed 1 patent.
The 3 most popular patent topics include:
- bitcoin
- cryptocurrencies
- digital currencies
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
12/29/2020 | Payment systems, Interbank networks, Cryptocurrencies, Digital currencies, Bitcoin | Application |
Application Date | 12/29/2020 |
|---|---|
Grant Date | |
Title | |
Related Topics | Payment systems, Interbank networks, Cryptocurrencies, Digital currencies, Bitcoin |
Status | Application |
Latest Cross River News
Jan 24, 2025
24 Jan 2025 US-based Cross River Bank, a technology infrastructure provider offering embedded finance solutions, has launched an automated sweep feature that uses the ‘IntraFi Cash Service’. The new functionality will enable its Banking-as-a-Service (BaaS) clients to access millions in aggregate Federal Deposit Insurance Corporation (FDIC) insurance coverage across network banks for their end customers, helping them to manage large deposits. BaaS clients will be able to access this new automated solution and offer end customers the ability to sweep their excess funds into IntraFi network banks via an API-enabled integration with Cross River’s proprietary banking core. In addition, the feature reduces the administrative burden of manually distributing funds across multiple institutions. The automated sweep feature can be embedded by BaaS clients into existing financial platforms via Cross River’s APIs, giving end customers the ability to protect large deposits by accessing FDIC insurance coverage across multiple banks. According to Cross River, the service is particularly valuable to fintechs that hold large balance customer funds with Cross River, or that process large-volume transactions, because it is designed to make these funds eligible for the protection of FDIC insurance, while allowing their customers to access their deposits. End customers can view proposed deposit placements, exclude banks where they have previously-established relationships, and maintain access to their funds while continuing to accrue interest on their deposits. “Cross River is committed to providing our clients with the tools they need to stay ahead in an evolving financial landscape,” said Adam Goller, executive vice president and head of fintech banking at Cross River. “Integrating an automated sweep feature from IntraFi directly into our offerings via APIs underscores the distinct value of our capability, enabling our clients to better serve their customers with greater peace of mind.”
Cross River Frequently Asked Questions (FAQ)
When was Cross River founded?
Cross River was founded in 2008.
Where is Cross River's headquarters?
Cross River's headquarters is located at 400 Kelby Street, Fort Lee.
What is Cross River's latest funding round?
Cross River's latest funding round is Series D.
How much did Cross River raise?
Cross River raised a total of $1.053B.
Who are the investors of Cross River?
Investors of Cross River include Battery Ventures, Andreessen Horowitz, Eldridge Industries, T. Rowe Price, Whale Rock Capital Management and 9 more.
Who are Cross River's competitors?
Competitors of Cross River include HSBC Bank Canada, IntraFi, BB&T, SunTrust Banks, Ally Bank - Document Custodian Business and 7 more.
What products does Cross River offer?
Cross River's products include Core financial services infrastructure and 4 more.
Who are Cross River's customers?
Customers of Cross River include Dwolla, Rocketloans and Affirm.
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Compare Cross River to Competitors
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Seattle Bank specializes in providing personalized financial services within the banking sector. The company offers a suite of services including personal and business banking, private banking, digital banking solutions, and specialty mortgage products. It primarily serves individual customers and businesses, offering solutions to meet their financial needs. Seattle Bank was formerly known as Seattle Savings Bank. It was founded in 1944 and is based in Seattle, Washington.
Citibank provides financial services within banking. It offers a range of banking solutions, including personal and corporate banking, as well as investment management and wealth advisory services. Citibank was formerly known as First National City Bank. It was founded in 1812 and is based in New York, New York.
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