8.6 C
New York
Thursday, May 23, 2024
Home Uncategorized Revolut partners with Cross River

Revolut partners with Cross River

Cross River Bank has partnered with super app Revolut to expand Revolut’s business in the US leveraging Cross River’s technology and regulatory infrastructure.

Read also: Female Revolut workers are still paid 25 % less than men

The partnership will open the first US-based consumer personal loans for Revolut customers thanks to Cross River’s technology infrastructure, with additional credit offerings slated to launch in the coming months.

“At Cross River, we’re always looking for new and innovative ways to provide access to credit,” said Adam Goller, EVP, Head of Fintech Banking at Cross River.

“Our partnership with Revolut is instrumental in facilitating responsible financial solutions to consumers, and we’re excited to be powering Revolut’s U.S. expansion.”

“At Revolut, we’re building the world’s first global financial superapp so the move into credit and personal loans is a natural next step. Revolut has developed technology to provide loans instantly to approved customers, with no origination fees – so customers can get the credit they need, when they need it,” said Tarun Bhushan, Revolut U.S. Head of Lending.

“We’re thrilled to partner with Cross River to offer U.S. consumers an even more diverse range of financial services with the launch of our intuitive and hassle-free personal loan product.”

Revolut wants to further bolster its global financial superapp in the U.S. with additional credit offerings.

As Revolut continues to play an important part in the financial industry, Cross River is an innovator in powering secure financial and technological solutions for partners to provide more affordable access to credit and for consumers to manage their funds.

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

NEW Revolut UK CEO to make Conference Debut at MoneyLIVE Summit

MoneyLIVE has today announced that Revolut’s newly appointed UK CEO will be making her conference debut at MoneyLIVE Summit 2024, which is...

2024’s Financial Innovators: A New Era of Banking Startups 

In the wake of the COVID-19 pandemic, our world witnessed an unprecedented shift towards digitalization. The banking industry, in particular, has been...

C-suite Banking and Payments Leaders From Across Europe Set to Meet at London’s MoneyLIVE Summit in March

On the 6-7 March 2024 MoneyLIVE Summit will return to London’s QEII Centre to unite over 1000 banking and payments leaders from...

The Evolution of Digital Wallets: A Shift from Physical Cards by 2030

By 2030, we can expect digital wallets to become the preferred payment instrument, offering a myriad of non-payment-related services for consumers.