When was Lithic founded?

Lithic was founded in 2014 and raised its 1st funding round 1 year after it was founded.

Where is Lithic located?

Lithic is headquartered in New York City, United States.

Who is the current CEO of Lithic?

Boling Jiang of Lithic. They have also founded 1 company and are an angel investors in 1 startup.

How many employees does Lithic have?

As of Aug 31, 2026, the latest employee count at Lithic is 203.

Is Lithic a funded company?

Lithic is a funded company, having raised a total of $121M across 5 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Oct 27, 2015.

How much is Lithic worth?

The latest valuation of Lithic is $***** as of Jul 28, 2021.

When was the latest funding round of Lithic?

Lithic's latest funding was a $***** Series C round on Jul 28, 2021, with participation from 7 investors.

Where does Lithic rank among its competitors?

Lithic ranks 4th amongst 183 active competitors, of which 25 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Clearspeed, which secured $60M in Jun, 2025.

Who are the top competitors of Lithic?

Lithic's top competitors include Pleo, Marqeta and Boku. Among them, Clearspeed secured the most recent funding round in June, 2025.

Lithic - 2026 Company Profile, Team, Funding & Competitors

Lithic is a series C company based in New York City (United States), founded in 2014 by David Nichols, Boling Jiang and Jason Kruse. It operates as a Provider of platform for businesses to issue and manage payment cards. Lithic has raised $121M in funding from investors like Bessemer Venture Partners, Index Ventures and Teamworthy Ventures, with a current valuation of $*****. The company has 183 active competitors, including 25 funded and 22 that have exited. Its top competitors include companies like Pleo, Marqeta and Boku.

Company Details

Provider of platform for businesses to issue and manage payment cards. The platform offers tools for card issuing, accounts and payments management, and program management. It provides processing, fraud, and risk control services. The platform supports agentic commerce, credit, digital banking, and stablecoin solutions. Industries served include bill pay, corporate incentives, and expense management.

Website: www.lithic.com/
Social
Email ID: *****@lithic.com
Phone Number: +1 **********

Key Metrics

Founded Year

2014

Location

New York City, United States

Stage

Series C

Total Funding

$121M in 5 rounds

Latest Funding Round

Series C, Jul 28, 2021, $*****

Post Money Valuation

$***** as on Jul 28, 2021

Investors

Bessemer Venture Partners & 16 more

Ranked

4^th among 183 active competitors

Employee Count

203 as on Aug 31, 2026

Similar Companies

Pleo & 200 more

View Lithic's full profile

Lithic is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Lithic, Inc. CIN: 32089816543 , United States, Active		-	99 (As on Dec 31, 2023)	-
Pay With Privacy, Inc. CIN: 471426777 , United States, Active	Dec 31, 2013	-	107 (As on Dec 31, 2024)	-

Lithic has raised a total funding of $121M over 5 rounds. Its first funding round was on Oct 27, 2015. Its latest funding round was a Series C round on Jul 28, 2021 for $*****. 7 investors participated in its latest round. Lithic has 15 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Lithic:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 28, 2021	8339739	Series C	7859474	4545570	3862243	4494119
May 20, 2021	3902861	Series B	3694043	2296236	2056727	Index Ventures & 4 more
Jul 15, 2020	2763317	Series A	7607101	2921081	Teamworthy Ventures	TVP & 4 more

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View details of Lithic's funding rounds and investors

The founders of Lithic are David Nichols, Boling Jiang and Jason Kruse. Boling Jiang is the CEO of Lithic.

Here are the details of Lithic's key team members:

David Nichols: Co-Founder of Lithic and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 2 email addresses
Boling Jiang: Co-Founder & CEO of Lithic. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Jason Kruse: Co-Founder of Lithic and founder of 1 other company.
Contact Info: 2 email addresses

View details of Lithic's Founder profiles and Board Members

Lithic's employee count trend

Lithic has 203 employees as of Aug 26. Here is Lithic's employee count trend over the years:

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Top competitors of Lithic include Pleo, Marqeta and Boku. Here is the list of Top 10 competitors of Lithic, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Pleo 2015, Copenhagen (Denmark), Series C	Provider of spend management platform with virtual and physical card options	$434M	Kinnevik, Thrive Capital & 15 others	80/100
2nd	Marqeta 2010, Oakland (United States), Public	Provider of a platform for modern card issuing and payment solutions	$528M	Coatue, Greylock Partners & 64 others	75/100
3rd	Boku 2008, United States, Public	Network connecting merchants to local payment methods for transactions	$91.3M	DAG Ventures, New Enterprise Associates & 25 others	73/100
4th	Lithic 2014, New York City (United States), Series C	Provider of platform for businesses to issue and manage payment cards	$121M	TriplePoint Capital, Spark Capital & 15 others	71/100
5th	Edenred 2010, Issy les Moulineaux (France), Public	Provider of solutions for employee benefits, mobility, and corporate payments	-	Eurazeo	71/100
6th	HYPR 2014, New York City (United States), Series D	Provider of passwordless multi-factor authentication, identity verification, and risk management	$131M	RRE Ventures, Advent International & 14 others	69/100
7th	IDX 2003, Beaverton (United States), Acquired	Cloud-based solutions for identity protection and data security	$35.2M	BVF, ForgePoint Capital & 7 others	65/100
8th	Clearspeed 2016, San Diego (United States), Series D	Provider of AI and voice-based risk assessment platform	$110M	Align Private Capital, Mobeus Equity Partners ... & 7 others	62/100
9th	Mynt 2013, Stockholm (Sweden), Series B	Provider of corporate cards and expense management platform with accounting integration	$52.5M	CNI, Vor Capital & 6 others	60/100
10th	Capital On Tap 2012, London (United Kingdom), Funding Raised	Provider of business credit cards, employee cards, and savings accounts	-	Drake United Kingdom Investments, BNP Paribas ... & 13 others	60/100