U.S. licensed bank Cross River Bank raises $50 million in funding and will expand its artificial intelligence and cryptocurrency businesses.

CycleProphet · 2026-03-31T11:46:33+00:00

Cross River Bank completes $50 million funding, with funds from a fund under T. Rowe Price, to be used for expanding artificial intelligence and cryptocurrency businesses. Post-funding valuation exceeds $3 billion, mainly participated by existing investors, focusing on serving fintech companies.

CycleProphet

2026-03-31 11:46:33

Abstract generation in progress

Deep Tide TechFlow message, March 31, according to Bloomberg, licensed U.S. bank Cross River Bank has completed a round of $50 million in financing. The funds are sourced from a fund managed by T. Rowe Price, and the money raised will be used to further expand its artificial intelligence and crypto-asset business.

After this financing round was completed, Cross River Bank’s valuation is slightly above $3 billion. Sources familiar with the matter said the specific valuation was not disclosed. Bloomberg previously reported in 2022 that the company was seeking a valuation of more than $3 billion in early-stage financing. This round involved participation from existing investors and did not bring in any new shareholders. Cross River Bank is positioned with serving fintech companies as its core focus.

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