FinTechFunding

Lithic: Raises $60M in Series C Funding

Lithic Raises $60M in Series C Funding

  • Lithic, a NYC-based card issuing platform for developers, raised $60m in Series C funding
  • The company intends to use the funds to continue to grow, help the team scale and expand the platform through strategic acquisitions to enhance the product and its core offerings
  • The company provides an API platform for developers at startups and enterprises alike to quickly launch new debit and credit card programs
  • The company’s self-serve platform allows developers to optimize back-office operations and avoid unnecessary administrative burden
  • The new round of funding follows May 2021 Series B, when Lithc also officially launched its API developer platform
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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