Revolut has partnered with Cross River Bank, a FinTech unicorn in the US.
In Brief:
The UK-founded FinTech launched in the US in March 2020.
It now aims to offer more products across consumer lending, like personal loans.
Cross River Bank is a FinTech valued at $3bn which already works with Affirm, Coinbase and Stripe.
What does this mean?
Cross River Bank provides the lending infrastructure for prominent FinTechs, and Revolut hopes the partnership will enable it to offer a wider range of services to US customers – it currently offers credit products in some markets such as Ireland but has yet to launch these for the US market.
