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Lithic

Payment card issuing platform for developers

101-200 employees
  • Fintech
  • B2B
  • Payments
  • Privacy
  • API
Lower Manhattan, New York, NY

Company mission

Lithic's mission is to build the best payments software to make paying online simply better.

Top investors

Few candidates hear
back within 2 weeks

-22% employee growth in 12 months

Otta's take

Theo Margolius headshot

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

  • Equity
  • Remote-friendly
  • 12 weeks of paid family leave
  • Flexible PTO
  • Health, vision, and dental insurance
  • 401(k) match

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

Previous Research Assistant at MIT Media Lab and Engineer at Hatch Labs.

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.

Endorsements

All

Autonomy (1)

People of all backgrounds are welcomed (1)

Focus on employee wellbeing (1)

Jobs (4)

All locations

Software Engineering

Finance, Legal & Compliance

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