back Back

Cross River partners with SeedFi to fuel increased economic inclusion

By Pavithra R

April 14, 2021

  • America
  • Seedfi
Share

Cross River partners with SeedFi to fuel increased economic inclusionCross River Bank, an American state-chartered commercial banking corporation has announced that it is powering SeedFi’s new Credit Builder and Borrow & Grow Plans through its banking and technology platform, as well as providing debt financing through its Strategic Direct Lending Group.

“This natural partnership will help Americans reach and realize their potential, as they both build and gain access to credit while saving for the future. We are accelerating economic inclusion and empowering the next generation by utilizing our latest proprietary financial technology, a robust set of APIs and capital markets expertise, all under one roof,” said Gilles Gade, Founder, President and CEO of Cross River.

Together Cross River and SeedFi are providing transparent and affordable financial products that help individuals in underserved communities build credit, increase savings and access money when they need it. Cross River delivers the banking services to support these offerings, including savings accounts, ACH payment services and loan origination.

“Cross River fully supports and believes in SeedFi’s mission to help Americans break the cycle of debt and realize their financial potential. The partnership will allow us to more efficiently deliver an exceptional suite of financial products to our customers,” said Jim McGinley, co-founder and CEO of SeedFi.

Additionally, Cross River has provided a $50mn debt facility, which enables SeedFi to deliver more efficient access to credit for its consumers. The bank’s mission is to enable greater access to credit through a full suite of banking services, and is focused on strategic, multi-pronged partnerships that extend beyond financing.

Previous Article

April 14, 2021

Pine Labs acquires FinTech & e-commerce app Fave for US$45 mn

Read More
Next Article

April 14, 2021

Prexle a Saudi FinTech start-up raises $670,000 in seed round

Read More








IBSi Daily News Analysis

March 22, 2024

America

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Payop partners with Tink to add Pay by Bank in Europe

Read More

March 27, 2024

5 Digital banks revolutionising the FinTech landscape in Hong Kong

Read More

March 27, 2024

Sopra Banking Software unveils new Regulatory Reporting Solution

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023