Cross River

Cross River is a technology-driven financial services organization and New Jersey state-chartered, FDIC-insured bank. It combines banking expertise and regulatory capabilities with proprietary financial technology to provide infrastructure for fintech and technology businesses. Founded in 2008 as a community bank, it began its first fintech partnership in 2010 and has since developed a platform serving more than 100 technology partners.

The company’s mission is to enable partners to deliver responsible financial solutions that empower customers anytime, anywhere. Its platform is built around a proprietary, API-driven banking core and supports embedded financial products for businesses serving consumers and commercial customers. Cross River describes its work as bringing together the established safety and expertise of a bank with the innovation and product capabilities of a technology company.

Its offerings include embedded accounts and money movement, payment processing, card issuing, marketplace lending, and onchain financial services. Businesses can use its APIs to support deposits and accounts, ACH and wire transfers, real-time payment networks, card transactions, and stablecoin-related services. Card programs can include debit, credit, or prepaid products, while lending capabilities span origination, servicing, financing, securitization, and loan sales.

Cross River also provides capital and commercial banking services. CRB Securities, a Cross River company, offers capital-raising and advisory services for the fintech ecosystem, including private placements, mergers and acquisitions, asset-backed securities issuance, and loan-sale advisory. The company’s Digital Ventures team invests in early-stage businesses at the intersection of financial services and technology, according to its FAQ.

Its customers and partners include fintech companies, technology businesses, and enterprises building financial products. Cross River identifies use cases that include global businesses, neobanks, merchant platforms and acquirers, retailers, social platforms, gaming businesses, and digital lenders. The company’s infrastructure is intended to help these organizations launch and scale accounts, payments, cards, and lending services while incorporating compliance and risk-management support.

Cross River says its history began during a period when traditional banks were closing their doors, with the aim of providing access to financial services for businesses and consumers. Its milestones include launching a proprietary API bank core in 2018, offering card payments with Stripe in 2019, and beginning FedNow and RTP interoperability in 2024. The company is headquartered in Fort Lee, New Jersey.

Cross River describes humility, integrity, creativity, compassion, and responsibility as its core values. Its stated working approach emphasizes responsible decision-making, nimbleness, and collaboration with partners. The company also reports community and charitable work through Foundation@Cross River, including support for nonprofit organizations, financial-literacy initiatives, and local communities.