What is Lithic?
Lithic provides a sophisticated, developer-first card issuing platform that simplifies the complexities of modern payment infrastructure. By offering a comprehensive API, the company enables businesses to deploy customizable debit, credit, and prepaid card programs with ease. Beyond simple issuance, Lithic integrates essential financial services such as ACH money movement and advanced fraud protection, effectively serving as a foundational layer for companies looking to build scalable payment products. Its market position is defined by its commitment to ease of integration and high-performance reporting, which are critical for organizations navigating the evolving fintech ecosystem.
How much funding has Lithic raised?
Lithic has raised a total of $113.2M across 3 funding rounds:
Series A
$10.2M
Series B
$43M
Series C
$60M
Series A (2020): $10.2M with participation from Teamworthy Ventures, Quiet Capital, Index Ventures, Rainfall Ventures, Tusk Venture Partners, and Exor Seeds
Series B (2021): $43M led by Teamworthy Ventures, Rainfall Ventures, Tusk Venture Partners, Walkabout Ventures, Bessemer Venture Partners, and Index Ventures
Series C (2021): $60M, investors not publicly disclosed
Key Investors in Lithic
Bessemer Venture Partners
A globally recognized venture capital firm with a long history of investing in early-stage and growth-stage technology companies across various sectors.
Index Ventures
A premier international venture capital firm that partners with entrepreneurs to build transformative companies in the technology and consumer sectors.
Tusk Venture Partners
A specialized venture capital firm that focuses on high-growth startups operating in highly regulated industries, providing strategic guidance and regulatory expertise.
What's next for Lithic?
Looking ahead, Lithic is poised to capitalize on the increasing demand for embedded finance solutions. The recent strategic investment will likely be directed toward expanding its engineering capabilities and deepening its product suite to include more complex financial instruments. As the company matures, its focus will likely shift toward capturing larger enterprise market share, potentially through enhanced compliance features and broader international payment support. By maintaining its developer-centric philosophy while scaling its infrastructure, Lithic is strategically positioned to remain a critical utility in the global financial technology stack.
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