Cross River Bank, a financial technology company offering embedded financial products for crypto companies, recently announced a $620M funding round led by Eldridge and Andreessen Horowitz (a16z). Additional investors included funds advised by T. Rowe Price (TROW), Whale Rock and Hanaco Ventures. The company intends to utilize the funding to expand the company’s leading position in embedded payments, lending, and crypto solutions.
Eldridge, A16z Lead $620M Financing Round for Fintech Cross River Bank