FORT LEE, NJ–(BUSINESS WIRE)–Cross River Bank (“Cross River”), a technology infrastructure provider offering embedded financial solutions, partnered with the Israel Economic Mission to host a delegation of Israeli entrepreneurs and fintech startups. The event gave the companies a chance to present their businesses, as well as networking opportunities for future growth.
“Cross River bridges the gap between technology and financial services, and we are equally committed to fostering the economic bridge between the Israeli fintech community and our key partners in the United States,” said Phil Goldfeder, SVP Global Public Affairs at Cross River. “It is a pleasure to leverage our relationships to benefit these talented and innovative Israeli companies, and we look forward to our continued partnership with the Israel Economic Mission.”
Monday 7 Novemberth, Cross River’s Fort Lee headquarters swarmed with executives from more than a dozen Israeli fintech startups, local elected officials, investors and stakeholders from the Israel Economic Mission. Since early 2014, Cross River has been deeply connected to Israel and it has been, and continues to be, a critical center for investment. The company is committed to the Israeli ecosystem of technological innovation, the culture of doing good, growing jobs, expanding financial inclusion and supporting local economies.
“We are grateful to Cross River for hosting us and providing this opportunity for the Israeli fintech community to strengthen ties with partners in the United States and foster relationships that will contribute to the success of these companies,” said Anat Katz, Minister of Economy to North America, Israel’s Economic Mission to the United States “This event was a wonderful testament to the economic and cultural ties between Israel and New Jersey and the good that can be done when we work together.”
Cross River also has a strong focus on driving the next generation of entrepreneurs and companies that are shaping the future of financial services. Cross River is unique in that it is one of the largest foreign private employers in Israel. The collaboration with the Israel Economic Mission is another way Cross River works with key stakeholders to advance the economic bridge between Israel and the United States, foster new relationships and strengthen current ties.
“This delegation was an enriching and influential meeting between innovative Israeli startups and New Jersey’s leaders and businesses,” said Andrew H Gross, Executive Director of the New Jersey Israel Commission. “I applaud Cross River and the Israel Economic Mission for advancing the critical economic relationship between Israel and the state of New Jersey.”
Cross River has close to 900 global employees, with a strong team of 180+ engineers and developers in Israel, helping to pursue and support new initiatives and opportunities with global impact. The team in Israel is an integral part of the growth of Cross River and its life-saving work around the world. As the company’s work on both sides of the ocean has expanded in recent years, it has also continued to promote social impact initiatives in Israel.
About Cross River
Cross River offers technological infrastructure that powers the financial services of the future. Leveraging its proprietary real-time banking core, Cross River delivers innovative and scalable embedded payments, cards, lending and crypto solutions to millions of consumers and businesses. Backed by leading investors, Cross River serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is transforming global finance and financial inclusion. Member FDIC. Find out more at www.crossriver.com.
