Full-Time

Technical Project Manager

Posted on 11/18/2024

Lithic

Lithic

51-200 employees

Platform for creating and managing card products

Fintech
Financial Services

Compensation Overview

$112k - $132kAnnually

+ Equity

Mid

New York, NY, USA

Category
Project Management
Engineering Management
Business & Strategy
Requirements
  • Payments or Issuer Processor experience: We are looking for someone who has worked in payments and has an understanding of card issuing systems
  • Network Operations experience: working knowledge of BIN implementations, BIN management, and other core operational processes
  • Excellent communication skills: ability to translate complex technical information and issuing jargon into clear business language
  • Strong presentation skills: you should be excited to present to external teams
  • Technical capabilities: demonstrated experience in a technical role; direct experience with APIs is an added bonus
Responsibilities
  • Lead customer implementations and professional services engagements
  • Own BIN installations, technical configurations, splits, and key exchanges with our network and issuer partners
  • Work cross functionally with our Product, Engineering, Compliance, Risk, and Operations teams to improve our existing processes and build new ones, including tools, guides, and testing
  • Provide thought leadership on optimizing BIN usage and operations
  • Gather, organize, and present data on partner metrics (e.g. Quarterly Reporting to networks)

Lithic provides a platform for businesses to create and manage their own credit, debit, or prepaid card products. The platform allows companies to issue both virtual and physical cards, control digital wallets, manage disputes, and set dynamic spending limits. Lithic operates with direct card network integrations and a native core system, which minimizes the need for third-party services, leading to more efficient implementations and better financial outcomes for clients. This approach enables businesses to maintain control over their banking relationships and program management as they grow. Lithic's services include PCI-compliant solutions to safeguard customer data and flexible modules for Know Your Customer (KYC) and Know Your Business (KYB) processes. The company aims to streamline card issuance and management for a diverse range of clients, from startups to established enterprises.

Company Stage

Series C

Total Funding

$158.9M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

7%

1 year growth

19%

2 year growth

-3%
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Simplify's Take

What believers are saying

  • Being named to the 2024 Fintech Innovation 50 highlights Lithic's industry recognition and potential for growth.
  • The launch of new tools like the Settlement API and Network Risk Scores demonstrates Lithic's commitment to innovation and improving customer experience.
  • Lithic's continuous product updates, such as the Go client library and OpenAPI 3.0 definitions, make it easier for developers to build and integrate card products, fostering a supportive ecosystem.

What critics are saying

  • The fintech sector's volatility and potential for economic downturns could impact Lithic's long-term sustainability.
  • The crowded market of card issuance and management platforms requires Lithic to continuously innovate to maintain its competitive edge.

What makes Lithic unique

  • Lithic's direct card network integrations and native core system reduce reliance on third-party providers, offering improved economics and faster implementations.
  • The company's comprehensive platform includes virtual and physical card issuance, digital wallet control, and dynamic spend controls, setting it apart from competitors with more limited offerings.
  • Lithic's PCI-compliant iFrame solution and flexible KYC/KYB modules provide enhanced security and compliance, which are critical in the financial services sector.

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