Lithic Raises $60M in Series C Funding
- Lithic, a NYC-based card issuing platform for developers, raised $60m in Series C funding
- The company intends to use the funds to continue to grow, help the team scale and expand the platform through strategic acquisitions to enhance the product and its core offerings
- The company provides an API platform for developers at startups and enterprises alike to quickly launch new debit and credit card programs
- The company’s self-serve platform allows developers to optimize back-office operations and avoid unnecessary administrative burden
- The new round of funding follows May 2021 Series B, when Lithc also officially launched its API developer platform
