Lithic Raises $43M Series B Funding
Privacy.com), a New York based card issuing platform provider, raised $43m in Series B funding.
The round was led by Bessemer Venture Partners with participation from Index Ventures, Tusk Venture Partners, Rainfall Ventures, Teamworthy Ventures and Walkabout Ventures.
The company, which has raised a total of $61m to date, intends to use the funds to expand the tools and technologies to issue and manage virtual cards, including enhancements for Privacy.com to continue serving its security-conscious customers.
Founded by Bo Jiang, Jason Kruse, and David Nichols as Privacy.com in 2014, Lithic provides a platform for developers to create virtual and physical payment cards and enable and control spending. Lithic enables developers can issue a card instantly and earn back a percentage of interchange revenue generated by the merchant.