CRB Groupparent of cross river bankhas raised $50 million in common stock from existing investors, including funds managed by . T. Rowe Priceas it seeks to expand its capabilities across artificial intelligence, cryptocurrencies, and embedded finance.
This capital injection is expected to support new product development, strengthen strategic partnerships and accelerate the company’s international expansion. The move comes amid increasing competition among financial infrastructure providers looking to integrate multiple services such as payments, lending and digital assets into a unified platform.
Crossriver said the latest funding builds on momentum from 2025, during which the company reported growth across payments, capital markets and lending operations. The company plans to expand its cryptocurrency offering and invest further in AI-driven capabilities aimed at enhancing compliance, risk management, and operational efficiency.
“I am proud to announce that T. Rowe Price has strengthened its investment in Cross River,” he said. Jill Gade, Chairman, Founder and CEO of Cross River. “We would like to thank T. Rowe Price for supporting Cross River’s strategy of Embedded Finance 2.0, which bundles cryptocurrencies, lending, payments and cards on one platform with an advanced AI layer to deliver innovative solutions with exceptional compliance and risk management.”
The funding reflects a broader industry trend toward an integrated financial ecosystem, where banks and fintech companies combine infrastructure, data and advanced analytics to deliver end-to-end services. As demand for financial solutions embedded within non-financial platforms increases, providers are increasingly investing in scalable architectures and regulatory compliant frameworks.
Founded in 2008, Cross River provides banking infrastructure to more than 100 technology partners, including: stripe, plaid patternand coinbase. The company’s real-time banking core powers a wide range of services spanning payments, lending, cards, and cryptocurrencies, and the company is positioned in the growing field of fintech to enable embedded finance at scale.
CRB Securities While acting as exclusive financial advisor on this transaction; sullivan and cromwell Served as legal advisor.
