Cross River Bank acquires Seed.

Cross River Bank, a leading innovator, and provider of banking services for technology companies acquires Seed, an online small business banking technology platform. Financial terms were not disclosed. This new platform will build on Cross River’s growing suite of innovative Banking-as-a-Service 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. “This acquisition marks a significant milestone for Cross River that comes on the heels of our recent capital raise. It allows us to further strengthen our position as a leading provider of fintech solutions as we continue building and enhancing a complete banking platform where companies can leverage best-in-class banking technologies with compliance excellence,” Gilles Gade, Cross River Founder and CEO.