According to Bloomberg, U.S. fintech bank Cross River Bank announced the completion of a new $50 million funding round, with additional investment from a fund under T. Rowe Price. The company’s valuation is slightly over $3 billion. Officials stated that the funds will be used to further strengthen their AI and crypto business strategies, accelerate new product launches, deepen partnerships, and drive international expansion. Cross River has long provided banking infrastructure services to over 100 fintech companies, including Stripe and Coinbase, and previously participated in Visa’s USDC stablecoin settlement pilot. https://(wublock123.com)/news/cross-river-bank-raises-50m-series-funding-58898