While building their own issuing infrastructure to support their consumer business of Privacy.com, Lithic cofounders Bo and Jason realized how difficult it is for even the most technically sophisticated companies to launch
a card program. They decided to productize the issuing infrastructure they had built and expose it via a simple, intuitive API. The result was Lithic: the easiest and most flexible way for any company to create configurable cards and approve transactions in real-time. No longer does it takes months or even years to stand up a card program – with Lithic, developers around the world can issue virtual or physical cards in minutes without worrying about the complexity of the underlying infrastructure.
We are excited to invest in Lithic because we believe its best-in-class technology and developer-friendly approach will enable businesses of all shapes and sizes to harness the benefits of physical and virtual cards. We believe modern card issuing is in its early phases of adoption and Lithic is well-positioned to power many new use cases yet to emerge. By dramatically lowering the cost and scale barriers to entry, Lithic is poised to massively broaden the scope of what is possible with card issuing.
The information noted above is representative as of the time noted/July 2021 and has not been updated.