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FT Partners Advises Cross River on its $620,000,000 Series D Financing

Overview of Transaction

  • On March 30, 2022, Cross River announced its $620 million Series D financing round led by Eldridge and Andreessen Horowitz
  • Cross River provides essential infrastructure enabling strategic partners to offer leading embedded payments, cards, lending and crypto solutions to customers
  • T. Rowe Price, Whale Rock, Hanaco and other investors also participated in the round
  • Cross River is a leading technology infrastructure provider enabling the delivery of innovative financial solutions to millions of consumers and business
  • Built on its proprietary real-time banking core, Cross River provides essential services to the fastest growing fintech platforms
  • Cross River is the technology supporting many of the largest fintech companies in the world such as Affirm, Coinbase, Rocket Loans, Stripe, Upgrade and Upstart

Significance of Transaction

  • The capital infusion will accelerate Cross River’s tech-focused growth strategy by building out embedded financial solutions, bolstering strategic partnerships and continuing plans for international expansion

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Cross River
  • This transaction highlights FT Partners’ industry-leading expertise across the Banking Tech space and its successful track record generating highly favorable outcomes for FinTech companies globally