Cross River Parent CRB Group Raises $50M as T. Rowe Price Deepens Bet on Embedded Finance Strategy

Cross River Parent CRB Group Raises $50M as T. Rowe Price Deepens Bet on Embedded Finance Strategy

CRB Group, parent of Cross River Bank, has raised $50 million from existing investors, including T. Rowe Price, signaling continued confidence in its embedded finance strategy. The fintech-focused bank, which powers payments, lending, and crypto services for firms like Stripe and Coinbase, builds on strong momentum following its 2022 funding round and its prominent role as a leading PPP lender during the pandemic.   CRB Group Inc., the parent co…

Cross River Receives $50M to Fuel Expansion Across AI, Crypto, and Embedded Finance

CRB Group, Inc., the parent company of Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced a $50 million common equity capital raise. The investment comes from certain existing Cross River investors, accounts advised by T. Rowe Price Investment Management, Inc. (“T. Rowe Price”), reinforcing the organization’s vision for modern financial services. "We're proud to announ…