River Financial, Inc.
Headquarters
San Francisco United States
About us
Build the world’s most trusted financial institution with Bitcoin at its core, to accelerate the return to sound money.
River Financial builds bitcoin-centered banking for individuals and businesses who want to invest in bitcoin with confidence. Founded in 2019 and headquartered in San Francisco, River combines bitcoin investing with traditional banking services on one platform. You can buy bitcoin instantly, set up zero-fee recurring purchases, earn 3.30% interest on cash balances (paid in bitcoin or USD), and replace your checking account with direct deposit that automatically converts part of your paycheck to bitcoin. The company operates with full-reserve custody for bitcoin and FDIC-insured cash through banking partners, publishing proof of reserves and financial statements for transparency. River serves both retail clients and businesses with treasury management tools.
Products
River's core platform lets you buy, sell, and custody bitcoin while offering banking services in one app. Features include instant bitcoin purchases, zero-fee recurring buys, target price orders, and earning 3.30% interest on cash balances. You can set up direct deposit to automatically invest part of your paycheck in bitcoin. For businesses, River provides treasury management tools with tax reporting and dedicated relationship management. The company emphasizes security through full-reserve custody and regular proof-of-reserves disclosures.
Funding
River has raised over $50 million from investors including Goldcrest, Kingsway, Polychain, M13, DG, and Valor. The most recent was a Series B round in May 2023. As of 2025, the company reported a corporate treasury of $68.1 million, zero debt, and profitable operations.
Recent news
In May 2026, River Financial disclosed that it holds 437 Bitcoin on its corporate balance sheet, positioning the company as one of the top ten corporate holders of the asset. This announcement highlights the company's commitment to integrating Bitcoin into its own treasury strategy while continuing to promote Bitcoin-native banking alternatives to traditional finance. Additionally, the company has continued its commitment to transparency by consistently publishing monthly proof-of-reserves reports throughout the first half of 2026.
Technology
The web stack runs on Elixir with Phoenix and LiveView for building dynamic applications. Postgres handles data storage, while Kubernetes manages container orchestration on Google Cloud infrastructure. The frontend uses React with Tailwind CSS for responsive interfaces. Bitcoin-related services are built in Go with RabbitMQ for messaging. The platform includes a unified GraphQL API, and Lightning Network integration uses LND-based components with gRPC for internal service communication.
Benefits
River offers 100% remote work within the Americas and Europe, with offices in San Francisco, NYC, and Columbus. Benefits include medical, dental, and vision insurance fully covered, unlimited PTO, and parental leave separate from regular PTO. There's a 401(k) plan and significant equity stock options. Staff engineers earn $200,000-$250,000 based on experience. The culture emphasizes mentorship, code reviews, and ownership of production systems.