Lithic
API platform for developers to issue and manage virtual and physical payment cards
Fintech
📍 New York, NY
Founded 2014
Current Valuation
$800M
as of 2021-Q3
PRIVATE
Lithic is a developer-first API platform for issuing virtual and physical payment cards. Spun out from the Privacy.com consumer wallet, Lithic provides card issuance, tokenization, spend controls, and authorization rules used by fintech startups and B2B platforms. The company added stablecoin-powered cards (via a Rain partnership) and Commercial Revolving Credit in 2024-2025.
Company Profile
Last Round
Series C — $60M (Jul 2021) · Lead: Stripes
Founders & Key People
Bo Jiang
Investors
Stripes · Bessemer Venture Partners · Index Ventures · Exor · Rainfall Ventures · Tusk Venture Partners · Commerce Ventures
Products
- Card Issuing API (virtual + physical)
- Authorization Stream Access (real-time controls)
- Authorization Rules engine
- Token Management API (Apple Pay, Google Pay)
- Commercial Revolving Credit API
- Privacy.com (consumer wallet)
Competitors
Marqeta · Stripe Issuing · Highnote · Adyen Issuing · Galileo · Unit
fintechcard-issuingb2bAPIdeveloper-platform
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2021-Q3. Refreshed quarterly.