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
Previous article
Noetic Cyber: Raises $20M in Funding
Next article
AffiniPay: Appoints High Profile Executive and Lawyer Dru Armstrong as CEO
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.

You May Also Like

FinTech

Starling Bank Strengthens Services with Agentic AI Money Manager

The new feature aims to enhance personal finance management for customers.Highlights: Starling Bank introduces an AI-powered money manager.Agentic...
FinTech

IG Group Considers Switching Listing from London to New York

The financial services firm explores a potential move to enhance visibility.Highlights: IG Group is weighing a move from...
FinTech

Huawei and Yowpay Launch Open Banking Smartwatch POS App

Innovative app combines open banking with smartwatch technology for payments.Highlights: Huawei partners with Yowpay to introduce a smartwatch...
FinTech

UK Banks Reject Opportunity to Lift £100 Contactless Limit

Major UK banks choose not to increase contactless payment thresholds.Highlights: UK banks will not raise the £100 contactless...