April 14, 2021
Cross River Partners with SeedFi to Provide Access to Affordable Financial Products
Cross River’s comprehensive platform to provide both lending and savings products to help SeedFi’s consumers attain a better state of financial wellness
Company’s Strategic Direct Lending Group also extended a $50 million debt facility
FORT LEE, N.J. - Cross River, a technology-focused financial services organization and Banking-as-a-Service (“BaaS”) provider, today 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,” said Gilles Gade, Founder, President, and CEO of Cross River. “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.”
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, enabling them to chart a better future. Cross River delivers the banking services to support these offerings, including savings accounts, ACH payment services and loan origination.
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