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, Senior

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. Their system allows companies to issue both virtual and physical cards, manage digital wallets, handle disputes, and set dynamic spending controls. By integrating directly with card networks and utilizing a native core system, Lithic minimizes the need for third-party services, making it easier for businesses to implement and scale their card programs. This approach gives clients more control over their banking relationships and financial operations. Lithic also offers secure solutions for customer data protection and flexible modules for verifying customer and business identities. The company aims to streamline card issuance and management for a wide range of clients, from startups to established businesses, while generating revenue through service fees based on card issuance and transaction volumes.

Company Stage

Series C

Total Funding

$158.9M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

5%

1 year growth

17%

2 year growth

3%
Simplify Jobs

Simplify's Take

What believers are saying

  • Embedded finance trend expands Lithic's potential customer base significantly.
  • Lithic's Commercial Revolving Credit API leverages the rise of BNPL services.
  • Increasing demand for digital wallets boosts Lithic's virtual card solutions.

What critics are saying

  • Increased competition may erode Lithic's market share in card issuance.
  • Reliance on direct card network integrations exposes Lithic to potential network disruptions.
  • New regulatory requirements could increase operational costs for Lithic.

What makes Lithic unique

  • Lithic offers direct card network integrations, reducing reliance on third-party providers.
  • The company provides flexible KYC/KYB modules for seamless integration with existing systems.
  • Lithic's PCI-compliant iFrame solution enhances customer data protection and reduces PCI DSS requirements.

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