Lithic
Issue virtual and physical cards programmatically. Used by Mercury, Public, and Coinbase to power their card products.
- Location
- New York, United States
- Raised
- $104M+
- Stage
- Series C
- Founded
- 2014
- Category
- Fintech
- Funding
- VC-backed
- Team
- 51-200
Funding figures as of Jul 2025 · not independently verified
Founders of Lithic
- Bo Jiang
- David Wolff
Investors backing Lithic
- Index Ventures
- Tusk Venture Partners
Frequently asked questions
What does Lithic do?
Issue virtual and physical cards programmatically. Used by Mercury, Public, and Coinbase to power their card products.
Where is Lithic based?
Lithic is based in New York, United States.
When was Lithic founded?
Lithic was founded in 2014.
How much has Lithic raised?
Lithic has raised $104M+ in their Series C round as of Jul 2025.
Who founded Lithic?
Lithic was founded by Bo Jiang, David Wolff.
Who has invested in Lithic?
Lithic is backed by Index Ventures, Tusk Venture Partners.
How Lithic would pitch themselves
○ Auto-generated01Target customer
Consumers + businesses needing modern financial services + infrastructure — typically under-served by legacy banks + processors.
02Problem they solve
Issue virtual and physical cards programmatically. Used by Mercury, Public, and Coinbase to power their card products. The category has historically been served by tools that miss the modern workflow this product is built around.
03Key differentiator
Lithic differentiates on modern card issuing infrastructure. Backed by Index Ventures + Tusk Venture Partners, $104M+ raised — the company has resources + validation to compound this thesis. Founded by Bo Jiang + team.
04Go-to-market strategy
Growth-stage GTM — multi-channel revenue motion (direct enterprise sales, channel partnerships, marketplace listings). Vertical specialisation + verticalised AE teams targeting enterprise + mid-market.