Cross River's Israeli Software Developer Opens Jerusalem Offices

New Jersey-based community bank Cross River Bank Inc.’s Israeli software developer Brix Software Ltd. is relocating to a new headquarters in Jerusalem’s Har Hotzvim industry park, the company announced Tuesday. In December, Cross River announced it completed a $100 million fundraising round.

For daily updates, subscribe to our newsletter by clicking here.

Brix developed the risk management algorithms that serve as the foundation of Cross River’s marketplace lending and payment processing arenas, according to the company’s statement. Brix also opened a customer support department for Cross River, Brix CEO, Moshe Tzvi Wieder said in a Monday interview with Calcalist.