Lithic

Lithic Raises $96M Series C

Modern card issuing platform providing infrastructure for companies to create and manage virtual and physical payment cards

Key Highlights

• Funding Amount: $96M Series C
• Valuation: $750M
• Headquarters: New York, NY
• Founded: 2014
• Employees: 100-200
• Total Raised: $160M

About the Funding Round

Lithic has successfully closed $96M Series C in funding, marking a significant milestone in the company's growth trajectory. This investment will enable the company to accelerate product development, expand market reach, and strengthen its position in the fintech sector.

Investor Syndicate

The round was backed by a prestigious group of investors:

• Index Ventures
• Bessemer Venture Partners
• Commerce Ventures

This diverse group of investors brings not only capital but also strategic expertise and valuable networks that will help Lithic achieve its ambitious goals.

Market Opportunity

The fintech market continues to experience rapid growth, driven by increasing demand for innovative solutions and digital transformation across industries. Lithic's unique approach and proven technology position it well to capture significant market share in the coming years.

Company Background

Founded in 2014 and headquartered in New York, NY, Lithic has established itself as an innovative player in the fintech space. With 100-200 employees, the company has built a strong team focused on delivering exceptional value to customers.

Next Steps

With this new funding, Lithic plans to:

• Accelerate product development and innovation
• Expand into new markets and geographies
• Grow the team across engineering, sales, and operations
• Strengthen partnerships with key industry players
• Scale infrastructure to support rapid growth

Industry Impact

This funding round represents a strong vote of confidence in Lithic's vision and execution. The investment will help drive innovation in the fintech sector and create new opportunities for customers and partners.

For more information about Lithic, visit their website or contact their press office.