GG
Gilles Gade
Founder, President & CEO
French-born entrepreneur; previously held roles at Citicorp Venture Capital, Barclays Capital, Bear Stearns and was CFO of First Meridian Mortgage before founding Cross River in 2008.
Cross River is an FDIC-insured technology-focused bank that provides embedded financial infrastructure including payments, cards, lending, BaaS, and crypto solutions to fintech and technology companies. It powers regulated banking services for many of the largest US fintechs through APIs and sponsor-bank programs.
Cross River is an FDIC-insured technology-focused bank that provides embedded financial infrastructure including payments, cards, lending, BaaS, and crypto solutions to fintech and technology companies. It powers regulated banking services for many of the largest US fintechs through APIs and sponsor-bank programs.
Cross River Bank was founded in 2008 in Fort Lee, New Jersey by Gilles Gade as a community bank during the financial crisis. In 2010 it began its first technology partnership, and pivoted into providing regulated banking infrastructure to fintechs, growing into a key sponsor-bank behind many leading US fintech companies.
Cross River received $50M in new funding to expand AI, crypto, and embedded finance capabilities.
Cross River announced Thredd as one of its strategic processing partners to help international fintechs enter the US market.
Cross River achieved a $288M CMBS transaction milestone, converting a seasoned pool of commercial real-estate loans into bonds for institutional investors.
Prosper, CRB Securities, and Cross River Bank closed Prosper's inaugural 100% prefunded asset-backed securities transaction valued at $120M, backed by personal loans.
Cross River's Principal Finance Group committed up to $360M via forward-flow purchase agreement with Parafin to fund small business financing.
Cross River upsized its revolving credit facility with Upgrade to $250M, deepening its multi-year partnership with the $7.3B consumer fintech.
Cross River's parent company CRB Group raised $620M led by Eldridge and Andreessen Horowitz with T. Rowe Price, Whale Rock, and Hanaco Ventures participating, valuing the company at over $3B.
Founder, President & CEO
French-born entrepreneur; previously held roles at Citicorp Venture Capital, Barclays Capital, Bear Stearns and was CFO of First Meridian Mortgage before founding Cross River in 2008.
$670M raised total