Developer tools for modern card issuing.
Lithic was designed to make it simple for developers to programmatically create virtual and physical payment cards. The company charges a fee per card for Lithic API customers. And it makes money on interchange fees with both offerings.
Unit21, the compliance infrastructure company, is excited to share its $45M Series C funding led by Tiger Global and South Park Commons in 2022.
The card-issuing fintech was valued at $800 million in July 2021.
These investors are looking for startups that can shake up the incumbents and help small businesses.