Priya PatelFort 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.
Cross River’s finance group nails $825M in capital commitments for 2023.
Latest from News
Nu Holdings thrives with growth while mitigating risks in fintech.
TLDR: Key Points: Fintech sector experiencing growth and risks Nu Holdings stands out with aggressive growth strategy In the fintech sector, where significant fluctuations
Swiss FinTech nSave raises $4m to boost financial inclusivity.
TLDR: Swiss FinTech nSave has secured $4m in seed funding to support financial inclusivity. The funding round was co-led by Sequoia Capital and TQ
F|T: WondrerFi goes global with Australian crypto license
Article Summary TLDR: Key Points: Canadian startup WonderFi acquires Australian crypto trading license for international expansion. Rails raises $6.2M for decentralized FTX alternative. In
Black Banx revolutionizes digital banking with Fintech-Techfin fusion and inclusivity.
Article Summary TLDR Key Points: Fintech and Techfin bring innovation to the financial services industry Black Banx is a notable player in the digital
Paytm denies layoffs despite SVP resignation at fintech company.
TLDR: Praveen Sharma, SVP of business at Paytm, has resigned to pursue other opportunities. Paytm denies reports of significant workforce reduction and is focused