For the previous twenty years, the funding banking ecosystem in fintech has been dominated by one participant: Steve McLaughlin’s FT Companions.
Now, that isn’t to say that different investments haven’t performed offers. The actually massive offers are sometimes performed by the likes of Goldman Sachs, Morgan Stanley, or JPMorgan Chase. And boutique funding banks are arranging among the smaller offers. However FT Companions has turn out to be synonymous with fintech funding banking.
Enter Cross River Financial institution. The fintech pioneer introduced at the moment that they’re launching a specialist funding banking arm targeted on fintech. The brand new division shall be led by former Morgan Stanley and SVB executives.
Everyone knows that fintech deal-making has been in a lull for the reason that peak in 2021 however there are indicators issues are selecting up somewhat in 2024.
The brand new funding financial institution shall be a part of CRB Securities and can supply fairness fundraising, M&A, and different company advisory capabilities.
If deal-making does decide up later this yr there’s actually room for a brand new initiative like this. And Cross River Financial institution has purchasers throughout quite a lot of fintech niches so they are going to be well-positioned to benefit from elevated deal-making exercise.
Featured
> Cross River wades into funding banking
Cross River Financial institution is launching a fintech-focused funding financial institution simply as deal-making reveals indicators of heating up.
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