# Lithic

> Lithic is a New York-based fintech that gives developers programmable card issuing and money-movement infrastructure. Born out of consumer brand Privacy.com, the company builds the API rails that let other companies create, manage and process virtual and physical payment cards with minimal code. Today it powers debit, credit and prepaid card programs for fintechs like Mercury and Coinstar, processing more than $1 billion in annual volume.

- **Founded:** 2014
- **Headquarters:** New York, New York, United States
- **Founders:** Bo Jiang (Co-founder & CEO), Jason Kruse (Co-founder & CTO), David Nichols (Co-founder & Chief Design Officer)
- **Team size:** ~170 employees
- **Products:** Card Issuing API, Money Movement / ACH, Commercial Revolving Credit API, Transaction & Risk Tooling, Privacy.com
- **Notable:** Surpassed $1 billion in annual processing volume., Reached an ~$800M valuation within months of rebranding from Privacy.com., Raised roughly $124M total across Series A, B and C.

## Products & services

- **Card Issuing API** — Developer-friendly API and SDKs to create and manage virtual and physical payment cards, including instant issuance, tokenization for Apple Pay and Google Pay, and granular spend controls.
- **Money Movement / ACH** — Programmatic ACH and account infrastructure for moving funds, with routable accounts and ledgering.
- **Commercial Revolving Credit API** — Infrastructure for launching and scaling business credit card programs with flexible, programmable credit logic.
- **Transaction & Risk Tooling** — Real-time transaction data, an authorization stream, fraud detection, 3-D Secure (3DS), chargeback management, reconciliation automation and compliance tooling.
- **Privacy.com** — The consumer-facing virtual card product that started the company, letting individuals generate single-use and merchant-locked cards to protect their primary card numbers.

## Achievements

- Surpassed $1 billion in annual processing volume.
- Reached an ~$800M valuation within months of rebranding from Privacy.com.
- Raised roughly $124M total across Series A, B and C.
- Expanded card issuing across Visa and American Express networks.
- Marked 10 years since the founding of Privacy.com in 2024.

## Latest updates

- **2025-08** — Integrated Visa's latest Card Program Enrollment (VCPE) API for near real-time card enrollment, faster interchange assignment and quicker premium-card benefits.
- **2025** — Expanded the platform to let fintechs issue cards on the American Express network.
- **2025** — Launched a Commercial Revolving Credit API for business credit card programs.
- **2024** — Celebrated the 10-year anniversary of Privacy.com's founding.

## Links

- Website: https://lithic.com
- LinkedIn: https://www.linkedin.com/company/lithic
- Twitter/X: https://twitter.com/lithic
- GitHub: https://github.com/lithic-com
- Facebook: https://facebook.com/privacydotcom

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Profile page: https://yespress.io/lithic
Published by YesPress — https://yespress.io
Last updated: 2026-06-07