Leading Fintech Innovator Cross River Announces Acquisition of Seed Small Business Banking Platform
(WorldNews Business)

FORT LEE, N.J.--(BUSINESS WIRE)--Jun 24, 2019-- Cross River Bank (`Cross River`), a leading innovator and provider of banking services for technology companies, today announced that it has acquired the Seed online small business banking technology platform. This new platform will build on Cross River´s growing suite of innovative Banking-as-a-Service (BaaS) solutions. As part of the transaction, Cross River will also acquire members of the current Seed team with plans to open additional offices on the West Coast. Terms and conditions for the transaction were not disclosed. `This acquisition marks a significant milestone for Cross River that comes on the heels of our recent capital raise. It...