Thredd, an AI-first issuer processing platform, and Cross River Bank, a technology infrastructure provider for embedded financial solutions, have formed a strategic alliance. This collaboration aims to streamline and accelerate the entry of international fintech companies into the United States market.
The partnership integrates Thredd’s global processing expertise and technology stack with Cross River’s proprietary core infrastructure, established market presence, and regulatory knowledge. This combination is designed to create an efficient pathway for payment solutions from international innovators to launch and expand within the U.
S. Further joint initiatives are anticipated in the coming months as both entities work to support global fintech leaders entering the American market.
Under this agreement, Thredd will operate as one of Cross River’s strategic processing partners, facilitating the introduction of a curated selection of high-potential fintech clients from various regions. In return, Thredd’s clients will gain access to Cross River’s compliant, scalable banking infrastructure and principal network sponsorship, which is intended to ensure a credible and rapid market entry.
Jim McCarthy, CEO of Thredd, stated, “This collaboration is about more than just technology integration; it’s about building a truly collaborative ecosystem where Thredd, Cross River, and our clients are all at the table, working together to ensure operational success and growth. By combining our global reach and solutioning expertise with Cross River’s regulatory and banking strengths, we’re setting a new standard for fintech expansion into the U.
S.”
Adam Goller, Head of Fintech Banking at Cross River, commented, “Working alongside Thredd reinforces our commitment to enabling the next generation of fintech innovation through flexible, compliant infrastructure. Together, with Thredd’s international processing capabilities and our API-enabled banking stack, we’re empowering global platforms to navigate the complexities of U.
S. market entry with confidence and speed, facilitating access and shaping a more connected, agile financial environment.”
An early example of this partnership’s utility is the expansion of B4B Payments’ U.
S. program. B4B Payments, a financial technology company specializing in card issuing, embedded payment services, and business expense management across the UK, EU, and U.
S., is the initial customer to go live under the Thredd and Cross River collaboration. Thredd provided the introduction and the issuing processing technology, while Cross River delivered issuing bank services, including BIN sponsorship, ACH capabilities, compliance oversight, and support for prepaid program enablement.
Kieran Draper, CEO of B4B Payments USA, said, “Expanding and strengthening our U.
S. program marks an important milestone for B4B Payments, extending our global footprint while creating a clear access point for European clients looking to expand their payment programs into the American market. The combined expertise of Thredd and Cross River has been instrumental in making this possible. Their collaborative approach and deep market knowledge have ensured a smooth and efficient entry process, allowing us to focus on delivering value to our clients from day one.”
Thredd is a cloud-enabled issuer processing platform offering debit, credit, digital wallet, and ledger capabilities through a single API and unified platform. It serves over 100 fintechs, digital banks, and embedded finance providers in 47 countries, processing billions of transactions annually.
Cross River Bank provides technology infrastructure utilizing its proprietary real-time banking core to offer embedded payments, cards, lending, and crypto solutions. The bank serves fintech and technology companies and is backed by investors.
