Cross River Bank summary (LegiStorm)

Summary

A LegiStorm organization summary for Cross River Bank. The page gives the organization's website, and a description stating that Cross River Bank is a financial services organization offering a banking-as-a-platform solution covering lending, payments and risk management and partnering with marketplace lenders and fintech companies. It states that in December 2018 the company secured $100 million in a funding round led by KKR, on top of a $28 million VC funding round in 2016. It states that Cross River was founded in 2008 and is a New Jersey state-chartered FDIC insured bank.

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Website: https://www.crossriver.com/

Organization Description:

Cross River Bank is a fast-growing financial services organization that merges the established expertise and traditional services of a bank, with the forward-thinking offerings of a technology company. They combine a compliant and comprehensive suite of products into a unique banking-as-a-platform solution, encompassing lending, payments and risk management. Cross River partners with leading marketplace lenders and fintech companies enabling them to focus on their own growth without hindering innovation. In December 2018, the company secured $100 million in a funding round led by KKR. This was on top of the $28 million VC funding round in 2016 from Battery Ventures, Andreessen Horowitz, and Ribbit Capital. Founded in 2008, Cross River is a New Jersey state-chartered FDIC insured bank.

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