PORTFOLIO NEWS

Cross River

Cross River
Cross River has raised $620 million in funding at a valuation north of $3 billion. It's a massive jump from the company's last raise — a $30 million round in October 2016.


Cross River is also exceptional in another way. It has been profitable since 2010 — two years after its inception. Meanwhile, top line and bottom line revenue has on average climbed 50% year over year.


The company has teamed up with blockchain data platform Chainalysis to expand its crypto services. Now Cross River is wrapping Chainalysis's technology into its core infrastructure to boost risk management for its clients involved in crypto.The deal involves the Chainalysis KYT real-time transaction monitoring system; the Chainalysis Reactor investigations software; and the Chainalysis Kryptos risk management software for financial institutions.


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