CreditEase has participated in a $100m funding round for Cross River Bank, which will invest in recruitment and the strengthening of its compliance infrastructure.
US-based banking services provider Cross River Bank raised $100m in funding yesterday from investors including online lending platform CreditEase.
Private equity firm KKR led the round with a $75m commitment, supplying most of the money through itsPrivate Credit Opportunities Partners II fund. Lion Tree Partners, Battery Ventures, Andreessen Horowitz and Ribbit Capital also took part.
Founded in 2008, Cross River Bank both provides traditional banking services, such as small business loans, directly while also partnering fintech firms and marketplace lenders…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
