Lithic

Platform for creating and managing card products

New York City, New York, United States

About Lithic

Lithic provides a platform for businesses to create and manage their own credit, debit, or prepaid card products. Their system allows companies to issue both virtual and physical cards, manage digital wallets, handle disputes, and set dynamic spending controls. By integrating directly with card networks and utilizing a native core system, Lithic minimizes the need for third-party services, making it easier for businesses to implement and scale their card programs. This approach gives clients more control over their banking relationships and financial operations. Lithic also offers a PCI-compliant solution to safeguard customer data and flexible KYC and KYB modules for easy integration. The company aims to streamline card issuance and management for a wide range of clients, from startups to established businesses.

New York City, New YorkHeadquarters
2014Year Founded
$158.9MTotal Funding
SERIES_CCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
401(k) Company Match
Life Insurance
Employee Discounts

Risks

Increased competition could erode Lithic's market share.
Changes in network policies may impact Lithic's cost structure.
New regulatory requirements could increase operational costs for Lithic.

Differentiation

Lithic offers direct card network integrations, reducing reliance on third-party providers.
The company provides a PCI-compliant iFrame solution to protect customer information.
Lithic's flexible KYC/KYB modules integrate seamlessly with existing setups.

Upsides

Increased demand for virtual cards boosts Lithic's customer base.
Growing interest in embedded finance aligns with Lithic's platform capabilities.
Expansion of digital wallets enhances Lithic's digital wallet control features.