Binance.USīinance is one of the world’s largest and most liquid cryptocurrency exchanges. It had the foresight to move into the crypto frontier and provide support for Coinbase, which is one of the leading fiat-to-crypto portals online today. Its crypto-first approach to fintech is one of the key reasons why Cross River continues to attract so much external interest from investors. The funding was shared across six large-scale investors, including Eldridge, Whale Rock Capital Management, Hanaco Venture Capital, and General Global Capital. The financial services company is owned by Fort Lee, the company that provides the technological infrastructure to underpin over 80 of the world’s leading payment providers and lending companies, namely Stripe, Coinbase, and Affirm.Īt the end of March 2022, Cross River confirmed it had raised $620 million in Series D funding, following a pre-money valuation of $2.4 billion. Cross RiverĬross River Bank posted one of the biggest funding rounds of the year to date. If you’re looking for inspiration to launch funding round for your own business, be sure to check out the following six companies that have succeeded in landing enormous investments this year to accelerate their growth. Funding rounds are beneficial to investors as well because they provide the opportunity to invest in up-and-coming businesses in exchange for equity.īoth Seed and Series A funding rounds are becoming increasingly popular among businesses and investors alike. During the funding round, companies will pitch themselves to investors for the purposes of raising capital and other resources (such as business expertise) from investors. It’s typically the first opportunity for high-potential businesses to attract significant capital that can be used to grow the company.Īn investor funding round gives growing companies an opportunity to raise the capital they need to continue building their businesses. Early-stage funding rounds are the best way to take promising start-up businesses to the next level.
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