Search Results for "Affirm"
3 results for "Affirm"
Deals 3
Cross River Bank Raises $50M Equity to Scale Embedded Finance Platform
Cross River Bank, via parent CRB Group, raised $50 million in common equity from existing investors including T. Rowe Price Investment Management. The funding will scale its API-driven core banking system (COS) powering embedded finance for over 100 fintech partners. CEO Gilles Gade framed the strategy as "embedded finance 2.0," bundling payments, cards, lending, and crypto on one AI-enhanced platform.
Cross River Bank Raises $620M at Over $3B Valuation
Cross River Bank, a leading BaaS provider, raised $620 million in a funding round valuing the company at over $3 billion. The round was led by Eldridge and Andreessen Horowitz with participation from T. Rowe Price, Whale Rock, and Hanaco Ventures. The capital will fuel expansion in payments, lending, and banking-as-a-service for its 80+ fintech partners including Affirm, Coinbase, and Stripe.
Ribbit Capital Targets $420M Fifth Fund for Fintech Infrastructure
Ribbit Capital, a prominent fintech investor, aimed to raise $420 million for its fifth fund, up from a prior $300 million fund. Ribbit backs key banking infrastructure players including Cross River Bank, which provides regulated banking services and loan origination for fintechs like Affirm and Upstart. The larger fund signals growing institutional interest in BaaS and banking infrastructure.