CRB Group, Inc., the parent company of Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced a $50 million common equity capital raise on April 1, 2026. Cross River Bank provides a proprietary real-time banking core that powers lending, payments, card, and crypto solutions for technology partners. Accounts advised by T. Rowe Price Investment Management, Inc. invested in CRB Group, Inc., with certain existing Cross River investors also participating.
Funding Overview
CRB Group, Inc. secured $50 million in common equity capital on April 1, 2026. T. Rowe Price Investment Management, Inc. deepened its investment in Cross River through accounts it advises. Certain existing Cross River investors contributed to the round. The funding supports Cross River’s expansion in AI, crypto, and embedded finance. It enables new product launches, deeper partnerships, and international growth.
Gilles Gade, Chairman, Founder, and CEO of Cross River, stated: “We’re proud to announce that T. Rowe Price deepened its investment in Cross River. We thank T. Rowe Price for their support of Cross River’s strategy of embedded finance 2.0, the bundling of crypto, lending, payments, and cards on one platform with a sophisticated AI layer to deliver innovative solutions with exceptional compliance and risk management.”
CRB Securities, LLC acted as exclusive strategic financial advisor to Cross River on the transaction. Sullivan and Cromwell LLP served as legal counsel to the company. The raise follows a strong 2025 for Cross River, with momentum in product innovation, payments, capital markets, and lending.
About the Company
Cross River operates as a technology infrastructure provider that offers embedded financial solutions, enabling partners to integrate lending, payments, card issuing, and crypto services into their own products. The company’s platform connects products such as payments, cards, lending, and crypto so they can be delivered together rather than as standalone offerings.
Founded in 2008, Cross River is backed by what it describes as leading global investors and serves more than 100 technology partners. Its proprietary real-time banking core underpins these offerings and is used to support embedded financial solutions at scale for both businesses and consumers worldwide.
This momentum reflects broader fintech and infrastructure trends, with developments like Uniblock Secures $5.2M highlighting continued investor interest in AI-driven blockchain and financial infrastructure platforms.
Funding History
Cross River Bank has raised capital across multiple rounds since 2016. Key prior rounds include:
- Undisclosed (April 1, 2026): $50M raised. T. Rowe Price invested.
- Series D (March 30, 2022): Raised $620 million at a $3 billion valuation, with Andreessen Horowitz and Eldridge co-leading the round, alongside participation from Hanaco Venture Capital, General Global Capital, Whale Rock Capital Management, and T. Rowe Price.
- Debt Financing (August 20, 2020): $106M raised.
- Series C (April 27, 2020): Secured $100 million in funding, led by V Capital Group and Shefa Capital, with additional participation from Ion Pacific.
- Series B (December 6, 2018): Raised $100 million at a $1 billion valuation, led by Kohlberg Kravis Roberts (KKR), with participation from Andreessen Horowitz, Ribbit Capital, Battery Ventures, CreditEase Investment Fund, and Poalim Equity.
- Debt Financing (June 8, 2018): $27M raised.
- Series A (November 1, 2016): Raised $28 million with participation from Andreessen Horowitz, Ribbit Capital, and Battery Ventures.
The company, founded in 2008, has backing from leading global investors.
Market Context
The funding positions Cross River Bank to scale crypto capabilities, advance AI integration, and pursue global expansion. It supports bundling of financial products crypto, lending, payments, and cards on a single platform.
Cross River Bank serves leading technology partners amid growth in embedded finance. The company’s real-time banking core facilitates compliance and risk management in payments, lending, and digital assets.
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