CRB Group, Inc., the Fort Lee, New Jersey–based parent company of Cross River Bank, a technology infrastructure provider offering embedded financial solutions, has raised $50 million in common equity funding in a series by certain existing investors, accounts advised by T. Rowe Price Investment Management, Inc.
The funding will help Cross River grow its embedded finance services by expanding its crypto capabilities, speeding up AI development and global expansion, strengthening partnerships, and launching new products worldwide.
The funding comes after a strong 2025, with growth in product innovation, payments, capital markets, and lending, and will help Cross River expand its crypto capabilities, speed up AI and global growth, strengthen partnerships, and launch new products worldwide.
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Founded in 2008 and backed by global investors, Cross River provides lending, payments, card, and crypto solutions to over 100 major technology partners, including X, Upgrade, Upstart, Trustly, Stripe, Plaid, DailyPay, Coinbase, Checkout, Bill.com, Best Egg, and Affirm. Its real-time banking platform helps these partners deliver scalable embedded financial services across payments, lending, crypto, and capital markets to businesses and consumers worldwide.
“We’re proud that T. Rowe Price has increased its investment in Cross River,” said Gilles Gade, Chairman, Founder, and CEO. “We appreciate their support as we build our embedded finance platform, combining crypto, lending, payments and cards with AI to deliver innovative solutions with strong compliance and risk management.”
About Cross River
Founded in 2008 by Gilles Gade, Cross River develops technology for modern financial services. Using its real-time digital banking platform, the company provides scalable solutions in payments, cards, lending, and crypto to millions of consumers and businesses. Backed by leading investors, Cross River supports top technology and fintech companies and is helping shape the future of global finance and financial inclusion—member FDIC.
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