V Capital teams up with Cross River Bank, eyes digital banking licence in Malaysia

Malaysia-based advisory firm V Capital Investments Ltd has teamed up with US-based fintech solution provider Cross River Bank to work towards applying for a digital bank licence in Malaysia.

Following the 2018 round of financing led by KKR with the participation of Battery Ventures, Andreessen Horowitz, Ribbit Capital & Credit Ease; Shefa Capital has partnered with V Capital to lead the Series C pre-IPO US$100 million investment in Cross River Bank which is slated for an IPO in the US next year.