# Cross River

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cross-river

- Industry: Financial Services
- Headquarters: US
- Website: www.crossriver.com
- Total disclosed funding: $473M
- Latest round: Series D (Jan 28, 2022)
- Investors on record: 9

## About

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. Founded by Gilles Gade, Cross River raised USD 250 million in venture funding from Universal Credit in February 2026. 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. Their products are utilized in various U.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.

## Funding rounds

- Series D, Jan 28, 2022, $344M — T Rowe Price, Andreessen Horowitz, Whale Rock Capital Partners, Eldridge Industries, Hanaco Venture Capital
- Series C, Apr 27, 2020, $100M — Bat Capital, Shefa Capital
- Series A, Sep 30, 2016, $29M — Battery Ventures, Andreessen Horowitz, Ribbit Capital

## Investors

- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series A
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series D
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series A
- Bat Capital (https://capitalatlas.ai/funds/bat-capital) — Series C
- Shefa Capital (https://capitalatlas.ai/funds/shefa-capital) — Series C
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series D
- Whale Rock Capital Partners — Series D
- Eldridge Industries (https://capitalatlas.ai/funds/eldridge-industries) — Series D
- Hanaco Venture Capital (https://capitalatlas.ai/funds/hanaco-venture-capital) — Series D