# Cross River

> Cross River is a New Jersey-chartered, FDIC-insured bank that operates like financial infrastructure for technology companies. Its proprietary Cross River Operating System connects partners to accounts, card issuing and processing, ACH, wires, RTP, FedNow, lending, capital-markets services, and emerging stablecoin rails. The company earns money from banking activity and from powering regulated financial products that other brands place inside their own apps.

- **Founded:** 2008
- **Headquarters:** Fort Lee, United States
- **Founders:** Gilles Gade (Founder, Chairman and CEO)
- **Team size:** Approximately 1,700 employees in the provided company-data record; LinkedIn publicly lists a 501-1,000 company-size band.
- **Products:** Cross River Operating System (COS), Accounts, Bank rails and international payments, Card issuing and processing, Marketplace lending
- **Notable:** Built COS, a proprietary API-based banking core designed for fintech partners., Reported more than 120 technology relationships by its 16th anniversary in 2024., Reported more than 1 billion payment transactions processed since inception by 2025.

## Products & services

- **Cross River Operating System (COS)** — A proprietary real-time, API-based banking core that manages accounts, subledgers and money movement for partner programs.
- **Accounts** — FDIC-insured consumer and business account programs with subledgers and multi-rail payments.
- **Bank rails and international payments** — ACH, wires, RTP, FedNow and rail-agnostic cross-border payments through a single integration.
- **Card issuing and processing** — BIN sponsorship, debit, credit and prepaid programs, advanced authorization and an in-house processing engine.
- **Marketplace lending** — Loan origination, underwriting, servicing, sale and securitization infrastructure for digital lenders.
- **Principal financing** — Credit facilities, loan purchases and asset-based financing for cash-flow-producing assets.
- **CRB Securities** — Capital raising and advisory services including private placements, M&A, ABS issuance and loan-sale advice.
- **Stablecoin and crypto infrastructure** — Fiat on- and off-ramps, stablecoin-linked settlement and interoperable fiat and blockchain payment flows for approved partners.
- **Request for Payment** — Real-time inbound payments over the RTP network, first implemented with Plaid Transfer.

## Achievements

- Built COS, a proprietary API-based banking core designed for fintech partners.
- Reported more than 120 technology relationships by its 16th anniversary in 2024.
- Reported more than 1 billion payment transactions processed since inception by 2025.
- Originated roughly 480,000 Paycheck Protection Program loans totaling about $13.8 billion, with an estimated 1.4 million jobs supported.
- Reported 99.9% historical API uptime and more than 30-fold API-request growth from 2019 to 2024.
- Raised $620 million in 2022 in one of the largest private financings for a fintech infrastructure company at the time.
- Launched international payments, Request for Payment, advanced authorization, an in-house card processor and stablecoin infrastructure during 2025.
- Agreed to power X Money in 2026.

## Latest updates

- **2026-07** — Cross River announced that it will power X Money, supplying regulated accounts, a Visa debit card and payment capabilities inside X.
- **2026-03** — Parent company CRB Group raised $50 million in common equity from existing investors and T. Rowe Price-advised accounts.
- **2026-02** — Cross River partnered with Lightspark to support 24/7 fiat settlement using Cross River's faster-payment rails and Lightspark's Bitcoin-based network.
- **2026-02** — Axios reported that Cross River had selected lead banks while exploring a potential initial public offering; no offering had been announced.
- **2025-12** — The company launched its proprietary in-house card processing engine, with Aion as pilot partner.
- **2025-11** — Cross River launched stablecoin-payment infrastructure that unifies approved fiat and stablecoin flows through COS.
- **2025-09** — Cross River launched Advanced Authorization and said it had surpassed 1 billion payment transactions.
- **2025-06** — Request for Payment launched with Plaid as the first implementation partner.
- **2025-04** — Cross River launched smart-routed international payments, initially processing transactions with Aion.

## Links

- Website: https://www.crossriver.com/
- LinkedIn: https://www.linkedin.com/company/cross-river-bank/
- Twitter/X: https://x.com/crossriverbank
- GitHub: https://github.com/crossriverbank
- YouTube: https://www.youtube.com/@crossriver_
- Instagram: https://www.instagram.com/crossriver_/
- Facebook: https://www.facebook.com/crossriversocial/

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Profile page: https://yespress.io/cross-river
Published by YesPress — https://yespress.io
Last updated: 2026-08-14