Articles from Lithic

Lithic, the card issuing and processing platform powering next-generation financial experiences, today announced it has been selected by Coinstar®, LLC to power the new CINQ by Coinstar™ Debit Card, a general purpose reloadable (GPR) product. The card integrates with the CINQ by Coinstar™ digital wallet and converts physical currency into funds that can be accessed through both virtual and physical cards. The CINQ by Coinstar™ Debit Card is issued by Lead Bank.

Lithic, the card issuing processing platform powering next-generation financial experiences, today announced its integration with Visa Account Level Management (ALM) over Visa’s Card Program Enrollment (VCPE) API, offering fintech partners faster delivery of premium card programs and improved card economics.

Lithic, a leading financial technology platform specializing in bespoke card issuing solutions and seamless money movement, today announced the expansion of its platform to enable fintechs to issue cards on the American Express® network. Fintechs of all sizes now have the opportunity to apply to develop and scale innovative payments solutions for consumers and businesses with access to the American Express network.

Lithic, a leading financial technology platform known for powering growth businesses with bespoke card solutions and seamless money movement, today announced a strategic partnership with Veritex Community Bank, one of Texas’s top 10 largest banks. This collaboration enables Lithic to empower businesses looking to build commercial credit products with greater flexibility.

Lithic, a leading financial technology platform known for powering growth businesses with bespoke card solutions and seamless money movement, today announced the launch of its Commercial Revolving Credit API, expanding its suite of credit solutions for businesses. The new offering enables card programs to quickly launch and scale commercial credit card programs with unmatched flexibility and control.

Lithic, a leading card issuing technology company known for enabling growth-oriented businesses with bespoke card programs and seamless money movement, today announced its expansion into the Canadian market. This marks Lithic’s first entry into a non-U.S. market and introduces powerful multicurrency processing capabilities that position Lithic to support the most ambitious and innovative card program use cases.

Founded as Privacy.com in 2014, the newly rebranded card issuing platform, Lithic, announced today that it has raised $43 million in Series B funding. The round was led by Bessemer Venture Partners with participation from Index Ventures, Tusk Venture Partners, Rainfall Ventures, Teamworthy Ventures and Walkabout Ventures.