Full-Time
Quality Assurance Engineer 2
Cross River Bank
1,001-5,000 employees
API-driven banking platform for fintechs
Compensation Overview
$110k - $140k/yr
Edgewater, NJ, USA
Hybrid
Hybrid; on-site at Fort Lee, NJ.
 QA & Testing (2) |
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- 3+ years of experience in quality assurance and test automation
- Working knowledge of C#; experience with Specflow/Reqnroll is a plus
- 1+ years of experience with SQL
- 1+ years of experience testing RESTful APIs
- Familiarity with CI/CD pipelines and version control (e.g., Git)
- Familiarity with AI assistive and agentic code generation (e.g. Copilot, Claude Code, Cursor)
- Strong analytical and communication skills
- Experience working in banking, finance, crypto, or fintech is helpful but not required
- Collaborate with internal and external teams to perform manual and automated testing across Online Banking and Mobile Banking applications
- Contribute to building and maintaining test automation across critical business domains
- Participate in planning, triage, and prioritization of testing activities
- Write and execute test cases for functional, regression, and API testing
- Identify, document, and track defects through resolution
- Actively contribute to a collaborative, quality-focused culture within the team
Cross River operates as a bank that provides Banking as a Platform (BaaP) through its API-driven Cross River Operating System, enabling FinTechs and small businesses to access core banking services like ACH, wire transfers, card disbursements, and money transfers. These services are exposed via APIs so partners can build and scale their own financial products. The company earns fees from platform usage, including transaction, loan origination, and compliance services, and emphasizes regulatory compliance and risk management. Its goal is to help fintechs and small businesses deploy and manage financial services efficiently on a secure, customizable banking infrastructure.
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$1.2B
Headquarters
Fort Lee, New Jersey
Founded
2008
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Simplify's Take
What believers are saying
- The $50M equity raise from T. Rowe Price accelerates expansion into AI, crypto, and embedded finance for over 100 partners.
- Expanded partnership with Stripe enables secure AI agent card payments in agentic commerce through single-use virtual cards.
- The $250M commitment to purchase Figure's crypto-backed loans validates institutional crypto acceptance and integrates digital assets with traditional finance.
What critics are saying
- The FDIC may issue a cease-and-desist order over unsafe fair-lending practices in crypto-fintech partnerships within 6–12 months.
- High default risk from the $250M crypto-backed loan bet via Figure amid Bitcoin volatility and regulatory uncertainty in 9–15 months.
- Concentration risk from the exclusive $250M forward-flow deal with Figure limits diversification in digital asset lending over 12–18 months.
What makes Cross River Bank unique
- Cross River uniquely combines traditional banking expertise with API-driven technology to serve fintech companies as infrastructure middleware.
- The bank pioneered Banking as a Platform, offering customizable, secure banking services like payments, lending, and crypto via APIs.
- Cross River operates a B2B2C model, capturing economics from transactions facilitated for fintech partners' end-users across payments and lending.
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Benefits
Generous parental & leave policies
Completely subsidized health, dental, & vision insurance
Complimentary dry cleaning
On-site haircuts
Endless snacks
Company events
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%X Money rolls out to Premium users with 6% APY, X Card and instant payments. July 28, 2026 by Peter Paul After years of promises and shifting timelines, X has officially begun rolling out its financial platform to paying subscribers in the United States. On July 27, the official @XMoney account announced that X Money is now rolling out to eligible X Premium and Premium+ subscribers. The launch marks the first broad public release of Elon Musk's long-discussed financial ecosystem inside X, transforming the platform from a social network into a service that can also handle everyday payments and banking features. The service is operated by X Payments LLC in partnership with Cross River Bank (Member FDIC) and Visa. Eligible users can access high-yield savings, peer-to-peer transfers, bill payments, direct deposits, and a physical Visa debit card without leaving the X app. Although the rollout is underway, availability remains gradual, meaning not every eligible subscriber will receive immediate access. What X Money includes. According to X and its banking partners, the initial rollout includes a surprisingly broad collection of financial services. Eligible users can earn up to 6.00% APY on eligible balances. Premium+ subscribers receive the full advertised rate, while Premium subscribers can qualify after meeting direct-deposit requirements. Rates are variable and subject to change. Other launch features include: * Free instant peer-to-peer transfers between X users * The new X Card, a physical Visa debit card offering 3% cashback on eligible purchases * Early direct deposit, allowing users to receive paychecks up to two days sooner * Bill pay, domestic wire transfers, and mailed checks * Free worldwide ATM withdrawals with no foreign transaction fees on the X Card * Support for Apple Pay and Google Pay Security features include passkey authentication, customizable spending controls, Visa fraud protection, and FDIC insurance through Cross River Bank. Standard FDIC coverage applies up to $250,000, while an automatic cash-sweep program can extend pass-through coverage to as much as $10 million across participating network banks, subject to program terms. X Payments LLC itself is not an FDIC-insured bank. A launch years in the making. The rollout represents a milestone that has been several years in the making. Shortly after acquiring Twitter in 2022, Elon Musk repeatedly described his ambition to transform the platform into an "everything app" inspired by China's WeChat. Payments and financial services were always central to that vision, but building them required banking partnerships, money-transmitter licenses across dozens of U.S. states, and regulatory approvals. Earlier launch targets slipped from late 2024 into 2025 before limited testing began during 2026. The current rollout is the first time the service has become available to a broader group of paying customers rather than a small pool of test users. Cross River Bank confirmed that it provides the underlying banking infrastructure for X Money, while Visa powers the X Card and supports real-time money movement through Visa Direct. More than another digital wallet. The significance of X Money isn't simply the feature list. It represents the first time Musk's broader vision for X has become a consumer product that users can actually sign up for. Unlike services such as Venmo, Cash App, or PayPal, X Money is integrated directly into a social platform that already serves millions of users. Messaging, payments, savings, and spending now exist within the same application, reducing the need to switch between separate services. Whether that strategy succeeds will depend on factors beyond attractive features. Users will ultimately judge the platform on reliability, customer support, fraud protection, and how smoothly financial services integrate into everyday use. There are also clear limitations at launch. X Money is currently available only to eligible U.S. Premium and Premium+ subscribers, interest rates can change over time, and features such as cryptocurrency or investment services are not part of the initial release despite years of speculation surrounding Musk's long-term plans. For now, X Money has moved beyond concept and into public rollout. The coming months will determine whether it becomes another digital wallet or the foundation of the everything app Musk has envisioned for years. Discover more Computer Hardware Laptops & Notebooks Graphics Card
Cross River Bank has raised $50 million from existing investors, with funds advised by T. Rowe Price leading the round. The fintech-focused lender plans to use the capital to expand further into artificial intelligence and cryptocurrency. The new investment values Cross River at slightly more than $3 billion, according to a person familiar with the matter. The company had previously sought a valuation exceeding $3 billion in a 2022 financing round. The exact valuation details were not disclosed.
Mastercard's crypto move and other digital transactions news briefs from 3/11/26. * Mastercard Inc. has launched its Crypto Partner Program, an effort to bring together more than 85 companies and financial institutions involved in cryptocurrency payments around the world. The aim is to encourage dialogue and collaboration on crypto-based ventures. * Bilt Technologies Inc., a payments and rewards platform related to homeownership, announced it has acquired Sion Inc., a commission-management platform for travel advisors, for $30 million. Bilt says the deal will reinforce its business in travel rewards. Sion says it has 8,000 users. * Finzly Inc., a payments-technology provider to financial institutions, launched Token Galaxy, a service supporting banks that seek to work more readily with both traditional and tokenized forms of currency and to connect with multiple blockchains. * Payment-data security platform Bluefin Payment Systems LLC said it has agreed to offer a wider set of services, including PCI-validated point-to-point encryption (P2PE) capabilities, to Volante Systems, a foodservice point-of-sale provider. * The processing platform Thredd Group Ltd. said it will work with Cross River Bank in a joint effort to offer services that could ease the entry of international fintechs into the U.S. market to launch new payment technologies. * In a measure of its digital connections to customers, Bank of America Corp. said users linked to the bank through various digital services approximately 30 billion times in 2025, up 14% from 2024. * Payoneer Global Inc., a cross-border payments specialist, announced it will work with FundPark to finance client businesses in Hong Kong to spur their growth. * Stake Network Inc., a processor for rent payments and connected rewards, closed on $8 million in new debt and equity financing led by LAGO Asset Management LLC. * Mozark Pte. Ltd., a digital-network testing platform, has closed on a $40-million Series B funding round led by IFC International Finance Corp. * NEACH, the New England Automated Clearing House Association, has appointed Alex Campbell to its board. Campbell is first vice president and chief payments officer at Connecticut On-Line Computer Center Inc., a banking fintech.
Cross River Bank opens Wilmington branch. WILMINGTON - The latest branch for financial services company Cross River Bank officially opened on Feb. 19 at the Market West campus in downtown Wilmington, marking the latest banking company to extend its reach into Delaware. Cross River Bank, which offers a banking-as-service platform to provide infrastructure for fintech companies, signed a five-year lease to To continue reading this article... Plus get 24 issues of DBT, special bonus issues, and discounted registration for our in-person events. - Digital Partners -
Lightspark teams up with Cross River Bank for fiat payments via Bitcoin. The partnership pairs Bitcoin settlement with FedNow plumbing. Lightspark, a Bitcoin Lightning Network startup founded by former Meta executive David Marcus, who oversaw the development of Meta's Libra token, is pushing the idea of using BTC for everyday payments rather than long-term holding. In a Wednesday announcement, Feb. 18, Lightspark said it had teamed up with Cross River Bank, a crypto-friendly, FDIC-insured bank, to support 24/7 settlement of Bitcoin network transactions through the U.S. banking system. Cross River has become a key banking partner for crypto firms in the U.S., providing banking services to companies such as Circle, Coinbase and others, particularly across cards and stablecoin-linked programs. Under the arrangement, Lightspark processes transactions on the Lightning Network, while Cross River settles the fiat legs via faster payment systems such as FedNow. The announcement says the collaboration targets B2B, cross-border and retail flows where immediate settlement materially changes cash management. Usage outpaces TVL. Lightning Network has had a strong but uneven run so far. Total network capacity climbed to new highs in late 2025 before easing slightly in mid-February of this year, while data from DefiLlama shows that total value locked stands near $338 million, a figure likely influenced by Bitcoin's recent price pullback. Despite the relatively low TVL compared to Ethereum Layer 2s, data cited by Sam Wouters, director of marketing at Bitcoin infrastructure firm River, shows the network processed an estimated $1.17 billion in volume in November 2025 alone across more than 5.2 million transactions, with the average Lightning transfer being around $223. Still, Wouters noted that today the "most common use case for Lightning transactions is sending funds from and to exchanges," highlighting how far the network still has to go as a retail payments rail. At the same time, data from Mempoolspace shows growing infrastructure concentration, with more than 40% of Lightning nodes hosted on just two providers, Amazon and Google Cloud, with Amazon alone accounting for over a quarter of the network's node power.