Cross River
Latest round
- Series D
Last raised
- Jan 2022
Total raised
- $473M
Investors
- 9
About Cross River
Founded in 2008 and based in the US, CRB Group, Inc, operating under the name Cross River, is a financial technology company that provides innovative API-based banking solutions, enabling businesses to integrate financial services seamlessly into their operations. The firm operates as a financial technology company offering banking solutions through API integration. Cross River offers a suite of API-based financial solutions designed to empower businesses by embedding financial services across various industries. Central to their offerings is an API-driven banking infrastructure that facilitates real-time payments, including merchant payouts and instant pay-ins, through advanced payment rails such as Real-Time Payments (RTP®), FedNow®, and push-to-card systems. This infrastructure enables partners, including fintech companies and traditional banks, to provide their customers with faster, on-demand access to funds, thus addressing the critical need for efficiency in payment processing. Cross River’s solutions span diverse markets, focusing on sectors such as healthcare, commercial real estate, and small business lending, serving a wide customer base, including underbanked populations seeking innovative financial tools.S. markets as they potentially expand into other regions where demand for fast payment solutions exists. Cross River's revenue model is based on facilitating transactions between businesses and their customers through their comprehensive suite of financial services. The company operates primarily on a partnership basis, allowing fintech companies and other institutions to integrate Cross River's API into their platforms for streamlined payment processes and instant fund transfers. This transactional structure generates revenue through service fees applied for each transaction processed via their payment networks and potential subscription fees for specific features or functionalities of their API platforms. While specific pricing details for their services are not disclosed, their offerings enhance cash flow and financial accessibility for users. Cross River is positioned to monetize these services effectively as demand for instantaneous payment solutions continues to grow within the financial services ecosystem.
Who invested in Cross River
9 investors across 3 rounds
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Questions about Cross River
Who invested in Cross River?
Cross River has 9 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Cross River raised?
Cross River has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Cross River last raise money?
Cross River's most recent round on record is a Series D, in Jan 2022.
What does Cross River do?
Founded in 2008 and based in the US, CRB Group, Inc, operating under the name Cross River, is a financial technology company that provides innovative API-based banking solutions, enabling businesses to integrate financial services seamlessly into their operations.
Where is Cross River headquartered?
Cross River is headquartered in US.
Which VCs invest in companies like Cross River?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Cross River's stage. Their profiles are linked below.
VCs backing financial services startups at Series D
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