With the nation’s small businesses struggling like never before fintech lenders have literally come to the rescue to help with...
There was news out of Malaysia over the weekend that Cross River Bank had raised $100 million. A number of...
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[Editor’s note: This is a guest post from Gilles Gade, President and CEO of Cross River Bank. Cross River Bank is...
PeerIQ provides insight on Cross River Bank and its $28 million investment from venture capitalists; the deal highlights Cross River Bank’s partnerships with marketplace lenders and provides a leading example for how banks can seek to gain from online lenders while also mitigating true lender risk; Cross River Bank likely to set a precedent for banking investment in MPL loans; success with marketplace lending partnerships has helped it to achieve a return on equity of 26.5% versus 9.8% for FDIC-insured institutions. Source
With the fintech world gathering in Las Vegas this week for Money20/20 there was quite a lot of fintech news.
The New York Times is reporting that fintech companies have helped out many small businesses that were struggling during the...
Today, Cross River Bank (CRB), one of the leading banks supporting marketplace lending platforms, has announced they have closed a significant...
Fast Company looks forward to 2017 after a rough 2016 for fintechs; highlighted in their five fintechs to watch in 2017 is real estate technology firm Cadre which has closed more than $500 million in inventory; wealth management company Stash also made the top five; the company has gathered over 300,000 users and recently raised $25 million from a Series B funding round; Cross River Bank, a community bank which has close ties to the marketplace lending industry, also made the list; the company provides a banking infrastructure to many fintech firms and recently raised $28 million in new capital. Source
PayTile, an 'airdrop for cash' geolocation-based payments system partnered with Cross River to enable users to send p2p privately.
While most big banks are reluctant to enter into the crypto space, many smaller banks are capitalizing on the opportunity;...