# Bo Jiang

> Bo Jiang is the co-founder and CEO of Lithic, the New York card-issuing platform that started life as the consumer privacy tool Privacy.com. He and two childhood friends built the burn-after-use virtual card people loved, then discovered the real prize was the issuer-processor plumbing underneath it. When developers started reverse-engineering Privacy.com's API to issue their own cards, Jiang turned the back end into the product, rebranded to Lithic, and now sells programmable money movement to high-growth companies.

- **Role:** Co-founder and CEO at Lithic
- **Organizations:** Lithic, Privacy.com, Hatch Labs, MIT Media Lab, PixieTV
- **Nationality:** American
- **Education:** B.S. in Applied Mathematics, Massachusetts Institute of Technology, Research Assistant, MIT Media Lab, Shawnee Mission South High School
- **Known for:** Co-founded and scaled Privacy.com, a consumer virtual-card product with 70-80% organic growth, Engineered the pivot from a consumer app to Lithic, a card-issuing and money-movement platform, Raised over $115M across Series A, B and C, reaching a reported ~$800M valuation

## Career timeline

- **2009-2010** — Research assistant at the MIT Media Lab while studying applied mathematics
- **2011-2012** — Software engineer at Hatch Labs, the incubator that spawned Tinder
- **2012** — Built a Bitcoin-backed debit card prototype; pitched roughly 50 banks, every one declined
- **2014** — Co-founded Privacy.com with Jason Kruse and David Nichols to issue single-use virtual cards
- **2019** — Launched a beta API after developers began reverse-engineering Privacy.com's card-issuing endpoints
- **2020** — Raised a $10.2M Series A and publicly opened the API
- **2021** — Rebranded to Lithic, raised a $43M Series B and a $60M Series C at an ~$800M valuation
- **2023** — Reported 50M+ cards issued, 100+ customers, and a shift in mix toward commercial use cases

## Achievements

- Co-founded and scaled Privacy.com, a consumer virtual-card product with 70-80% organic growth
- Engineered the pivot from a consumer app to Lithic, a card-issuing and money-movement platform
- Raised over $115M across Series A, B and C, reaching a reported ~$800M valuation
- Built proprietary issuer-processor infrastructure in-house to replace 20-year-old legacy systems
- Issued tens of millions of cards and onboarded 100+ company customers

## Latest updates

- **2024-09** — Lithic expanded into Canada, reducing currency-conversion friction for customers
- **2024-05** — Lithic marked its 10-year anniversary with a founders episode of the Fintech Layer Cake podcast

## Links

- Website: https://lithic.com
- LinkedIn: https://www.linkedin.com/in/boling
- Twitter/X: https://twitter.com/bolingj
- YouTube: https://www.youtube.com/watch?v=xuITw66AoOc
- Facebook: https://facebook.com/privacydotcom

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Profile page: https://yespress.io/bo-jiang
Published by YesPress — https://yespress.io
Last updated: 2026-06-04