Company Overview
Cross River is a New Jersey bank and technology infrastructure platform, founded in 2008 as a community bank and headquartered in Fort Lee, New Jersey. It supplies the regulated rails behind other companies' financial products, offering embedded solutions across deposit accounts, cards, payments, lending, digital assets and agentic commerce to fintech firms, technology platforms and consumer brands. The bank is a member of the Federal Deposit Insurance Corporation and maintains a branch in Teaneck, New Jersey, alongside West Coast offices.
Cross River has raised institutional capital repeatedly as it has grown. Battery Ventures led a 28 million dollar growth equity investment in 2016, with Andreessen Horowitz and Ribbit Capital participating, and KKR led a 100 million dollar investment two years later. The bank's parent, CRB Group, Inc., issued 106 million dollars of private placement subordinated bonds in 2020, at which point total assets stood at approximately 9.9 billion dollars.
In October of 2026 CRB Group agreed to acquire Accrue, a fintech company that builds branded wallets, stored value and loyalty rewards into the payment layer, extending the group's embedded finance stack into customer rewards. The transaction is subject to customary closing conditions and the terms were not disclosed.
Recent Leadership News
Executive Moves has not yet covered an executive appointment at Cross River.
Facts compiled by Executive Moves from publicly available news and press releases on 21 October 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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