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

DeepFlowTech · 2026-03-31T11:27:29+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.

DeepFlowTech

2026-03-31 11:27:29

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Deep Tide TechFlow message: On March 31, according to Bloomberg, the licensed U.S. bank Cross River Bank has completed a round of $50 million in financing, with funds coming from a T. Rowe Price–affiliated fund. The raised capital will be used to further expand its artificial intelligence and cryptocurrency businesses.

After this round of financing was completed, Cross River Bank’s valuation was slightly above $3 billion. According to people familiar with the matter, the specific valuation was not disclosed. Bloomberg previously reported in 2022 that the company sought a valuation of more than $3 billion in an early funding round. This round of financing was participated in by existing investors and did not introduce new shareholders. Cross River Bank is positioned with a focus on serving financial technology companies.

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