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Lithic Raises $60 Million Series C as Demand for Card Issuing Platform Surges
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Lithic Raises $60M in Series C Funding
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Nanotechnology Now - Press Release: Flashed nanodiamonds are just a phase: Rice produces fluorinated nanodiamond, graphene, concentric carbon via flash Joule heating
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Privacy.com rebrands to Lithic, raises $43M for virtual payment cards
When Privacy.com was founded in 2014, the company’s focus was to let anyone generate virtual and disposable payment card numbers for free.
The goal was to allow those users to keep users’ actual credit card numbers safe while allowing the option to cut off companies from their bank accounts. In an age of near-constant data breaches and credit card skimmers targeting unsuspecting websites, Privacy.com has made it harder for hackers to get anyone’s real credit card details.
The concept has appealed to many. At the time of its $10.2 million Series A last July, Privacy.com said it had issued 5 million virtual card numbers. Today, that number has more than doubled, to over 10 million, according to CEO and co-founder Bo Jiang.