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Overview
Lithic provides a developer-focused API platform that lets other companies issue and manage virtual and physical payment cards. The API handles programmatic card issuance, spending controls, and real-time transaction management for businesses. It differentiates itself with a modular, developer-first approach that abstracts network and back-end complexities, drawing on its own card-issuing infrastructure and its origins in Privacy burner-card tooling. Its goal is to help any company launch and scale card programs quickly and securely, earning revenue from usage-based fees and a share of interchange.
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Simplify's take
What believers are saying
- Q3 2026 releases expanded stablecoin cards, ATM withdrawals, and tag-based controls.
- August 2026 brought a Monavate partnership for traditional and on-chain card programs.
- September 2026 Lightspark-Visa stablecoin settlement through Lithic validated its infrastructure relevance.
What critics are saying
- Lithic raised nothing after July 2021, forcing growth to depend on issuance volume.
- Public records show 2022 layoffs of 27 roles, exposing weak operating leverage.
- Bank sponsor or network rule changes can freeze programs and halt card issuance.
What makes Privacy unique
- Lithic runs one API for consumer, commercial, and digital-banking card programs.
- Q3 2026 added stablecoin cards, ATM access, and tag-based policy management.
- Merchant-token controls and ledger infrastructure tighten fraud, spend, and balance management.
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Funding
Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Industry standards
Ind Avg. $35M
$4M
$30M
$43M
$45M
$65M
$100M