Lithic
Lithic offers a comprehensive platform for bank integration, money movement, and card processing, supporting various account types and fund flows with robust developer tools and high availability.
Services
Lithic provides a full stack platform integrating banking, money movement, and processing. The platform supports debit, credit, and prepaid cards with flexible fund flows. Lithic also offers a processor-only option for clients who only need processing tools. Solutions range from Bill Pay & Accounts Payable, Digital Banking, Expense Management, and Cobrand Platforms, all incorporated into various applications and workflows.
Products
Lithic's platform includes several products designed to support different banking and financial needs. Notable examples include their ACH product, which supports same-day and standard ACH with access to all six ACH windows. The core system facilitates automated balance tracking and direct ACH network integration, and their gateway product offers customized authorization decisioning and simplified settlement reporting. The accounts product enables seamless account opening and serves as a true system of record for balances and transactions.
Developers
Lithic provides extensive resources for developers including documentation, sandbox environments, API status checks, libraries, SDKs, and a changelog. Developers can also benefit from a dedicated Slack channel for technical support. The platform supports high availability and features such as PCI compliance, configurable 3DS, spend controls, and virtual and physical card issuance.
Awards
Lithic has been recognized for its innovation and performance in the fintech sector, earning a place in the 2024 Fintech Innovation 50 by GGV Capital and Crunchbase. Additionally, Lithic was named the Best Card Issuing Platform at the Tearsheet Embedded Awards in 2022.
Funding
Lithic raised $60 million in Series C funding, supporting its growth and expansion initiatives. This funding round highlights investor confidence in Lithic's comprehensive card issuing platform and its various solutions designed for different financial and banking needs.