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About Privacy
Industries
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series B
Total Funding
$53.2M
Headquarters
New York City, New York
Founded
2014
Overview
Lithic provides a developer-focused API platform that lets other companies issue and manage virtual and physical payment cards. It started as Privacy.com, a consumer burner-card service, and pivoted in 2021 to offer B2B card-program tooling under the Lithic brand while Privacy.com remains a consumer product powered by Lithic’s API. The API handles programmatic card issuance, spending controls, and real-time transaction management, helping businesses launch card programs quickly and integrate networks and reconciliation. Revenue comes from usage-based fees for card creation and a share of interchange, with tiered pricing for startups and enterprises.
Simplify's Take
What believers are saying
- TPV doubled to $1B monthly by November 2024.
- Powers 100+ clients including Mercury with billions processed.
- 150+ employees across 26 states fuel scaling.
What critics are saying
- Stripe Issuing captures Mercury via integrated treasury.
- Marqeta steals enterprises with Visa partnerships.
- NY DFS licensing halts programs post-2025 CFPB scrutiny.
What makes Privacy unique
- Lithic owns full stack with direct Visa, Mastercard, Amex connections.
- Sub-100ms authorization engine delivers 99.99+% uptime.
- Immutable ledger enables flawless reconciliation for developers.
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Funding
Total Funding
$53.2M
Meets
Industry Average
Funded Over
2 Rounds
Bessemer Venture Partners
Index VenturesIndustry standards
Benefits
Health Insurance
Vision Insurance
Dental Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
401(k) Company Match
Life Insurance
Parental Leave
Remote Work Options
Sabbatical Leave
Company News
The 8th EAI International Conference on Security and Privacy in New Computing Environments (SPNCE) explores the security and privacy challenges introduced by the rapid expansion of AI, 5G/6G networks, and the Internet of Things.
And though palantirs website extols the wonders of privacy.just think what an agent could do with a combination of xkeyscore and investigative case management.the system gives ICE agents the ability to track down information on anyone theyre watching.
MEGA The Privacy Company has announced the appointment of Michael Friedberg as Chief Growth Officer.
Recognizing the need to protect consumers’ data online, Privacy launched its virtual card solution in 2016, which prioritizes the safety of online payments by protecting users’ credit card and debit card information.
Lithic (FKA Privacy.com), a New York based card issuing platform provider, raised $43m 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. The company, which has raised a total of $61m to date, intends to use the funds to expand […]
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About Privacy
Industries
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series B
Total Funding
$53.2M
Headquarters
New York City, New York
Founded
2014
There are no jobs for Privacy right now.
Find jobs on Simplify and start your career today