Cross River’s finance group nails $825M in capital commitments for 2023.

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Fort Lee-based Cross River Bank’s Principal Finance Group closed $825 million of capital commitments in 2023. The investments include senior secured credit facilities and programmatic asset purchase arrangements, which will provide specialty finance platforms with additional capital to scale their commercial and consumer financing products. Cross River’s Principal Finance Group specializes in providing credit facilities and forward flow purchase arrangements to support the growth of fintech platforms and their investors. The strong growth of the business in 2023 reflects the commitment to supporting fintech pioneers and accelerating financial innovation. The group plans to deploy even more capital in the coming year.

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