Cross River Bank has tapped existing investors for $50 million in fresh capital, as the fintech-focused lender doubles down on artificial intelligence and cryptocurrency, according to a statement reviewed by Bloomberg News.
The company sought to be valued at more than $3 billion in an earlier financing, Bloomberg News reported in 2022. The new investment from funds advised by T. Rowe Price values the bank at a bit more than that, according to a person familiar with the matter who asked not to be identified because the information is private. The exact valuation couldn’t be learned.
CRB Group Inc., ...
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