See other companies on Otta
Lithic
Payment card issuing platform for developers
- 101-200 employees
- Fintech
- B2B
- Payments
- Privacy
- API
- 148 Lafayette St, Fl 3, New York City, New York, 10013, United States
Jump to section
Company mission
Lithic's mission is to build the best payments software to make paying online simply better.
Otta's take
Theo Margolius
COO of Otta
Lithic has developed a fast and simple card-issuing API that allows developers to create and monitor payment cards - physical and virtual - and the transactions that take place on them. Its expanding list of use cases includes on-demand services, vertical SaaS, and alternative lending, meaning its product spans a promising and exciting remit of growing sectors.
Lithic began as Privacy.com, helping customers keep their transactions private and secure through generating disposable, virtual payment card numbers. The significant uptake prompted a pivot of service to corporate customers and the card-issuing API (although Privacy.com continues as a subsidiary), and this savvy strategy has seen notable success as the appetite for fintech solutions continues to grow.
The company has raised impressive rounds of funding to continue developing its platform and its B2B direction. It will need this to keep its edge over larger competitors like Galileo and Marqueta - that is, to maintain its more modern infrastructure, and therefore its appealingly agile functionality for its early-stage startup customers.
Benefits
- Health, vision, and dental insurance
- Flexible PTO
- 401(k) match
- Equity
- Remote-friendly
- 12 weeks of paid family leave
Company values
- Be a good neighbor
- Build a great neighborhood
- Ask why, learn why
- Empower others
- Think like an owner
- Do the thing
Funding (last 2 of 7 rounds)
Jul 2021
$60m
SERIES C
May 2021
$43m
SERIES B
$163.4m
Total funding
This company has top investors
Founders
Bo Jiang
(CEO)Previous Research Assistant at MIT Media Lab and Engineer at Hatch Labs.
Jason Kruse
(CTO)Experience as a Software Development Intern at IBM and then became a Software Engineer at Expensify.
David Nichols
(Head of Design)Extensive experience in design, most recently working as a Designer for Rabbit & Hare and then Product Designer for Palantir Technologies.
Articles
Endorsements
All
Autonomy (1)
People of all backgrounds are welcomed (1)
Focus on employee wellbeing (1)
"Autonomy" & "Trust" go hand-in-hand. What I've really enjoyed is how instead of having to "do your time", you step in from day one with the ability to make larger decisions than you probably have before, and you get the trust to shape your day in a way that works best for you.
People, HR, Recruitment
Autonomy
Jan 2022
I basically had to re-wire myself when I started working here in the best kind of way. When I've been sick or needed to go get something done in the day, I've been able to put that first & sort it out. If I haven't taken PTO in a while for whatever reason, I'm encouraged to take some. It genuinely has been a healthy lifestyle change.
People, HR, Recruitment
Focus on employee wellbeing
Jan 2022
I enjoy that we have a really open environment where we're able to share our lived experiences in a really friendly & supportive space. I can feel that people deeply care about "building a great neighborhood" for each & every person here.
People, HR, Recruitment
People of all backgrounds are welcomed
Jan 2022
Jobs (7)
Software Engineering
Marketing
Finance, Legal & Compliance
Sales & Account Management
