US-licensed bank Cross River Bank completes a $50 million funding round, with a valuation slightly above $3 billion

GateNews

2026-03-31 11:32:04

Gate News reports that on March 31, the U.S.-licensed bank Cross River Bank completed a $50 million financing round. The funds were sourced from a fund under T. Rowe Price. Following this round, Cross River Bank’s valuation was slightly above $3 billion, though the exact valuation was not disclosed. The capital raised will be used to further expand its artificial intelligence and cryptocurrency business. This financing round involved existing investors and did not introduce new shareholders. Cross River Bank’s core focus is on serving fintech companies. Previously, in 2022, the company sought a valuation of over $3 billion in its early-stage financing.

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