Cross River Bank has successfully raised $50 million in a funding round led by T. Rowe Price funds, aiming to enhance its artificial intelligence and cryptocurrency operations. The U.S.-licensed bank's valuation now stands slightly above $3 billion, although the precise figure remains undisclosed. This funding round involved existing investors, with no new shareholders introduced. Cross River Bank continues to focus on serving fintech companies, leveraging the new capital to expand its technological capabilities.
Cross River Bank Raises $50 Million to Boost AI and Crypto Ventures
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