Privacy.com is an organization that produces both financial and information technology services. There is a purpose to safeguarding your digital privacy. In addition, the team creates user-friendly online security and confidentiality technology. They genuinely think that simplicity should not be sacrificed for security and confidentiality. Privacy.com recently changed its brand name to Lithic and raised $43 million in Series B funding as part of its new strategic plan.
Bessemer Venture Partners directed the investment to broaden its card granting framework and new B2B emphasis. Index Ventures, Tusk Venture Partners, Rainfall Ventures, Teamworthy Ventures, and Walkabout Endeavors also joined the round, bringing Lithic’s total funding to $61 million. Lithic intends to utilize its new funds to increase the technologies and tools it provides to development companies for issuing and managing virtual cards, as well as to improve its Privacy.com proposal.
Funding
Lithic has received a total of $115.4 million in financing over four rounds. Their most recent funding came from a Series C round on July 29, 2021. Thirteen investors have contributed to the funding of Lithic. The most subsequent venture capitalists are Tusk Venture Partners and Bessemer Venture Partners. As per PrivCo, Lithic has a post-money appraisal of $500M to $1B as of July 29, 2021.
About Lithic (Privacy.com)
Lithic was originally established in 2014 by Boling Jiang, David Nichols, and Jason Kruse. The business’s main offices are in the Greater New York Area, East Coast, and Northeastern US. The company is still in operation, and its most recent round of financing was Series C. The corporation’s lawful title is Pay With Privacy, Inc., and its type of business entity is For Profit. The company focuses on consumer, financial services, fintech, and payments.
Their mission is to produce beautiful, utilizable operating systems that safeguard your confidentiality and safety. You are deserving of the best. You can protect yourself digitally without compromising simplicity or usability. Lithic is the first payment component that protects your personal details while making online payments even more comfortable than using a corporeal payment card.
Lithic Services
- Thousands of transaction-ready digital cards can be generated algorithmically using simple API calls.
- Utilize their card production connections to procedurally issue and ship functionalized or traditional tangible cards to direct customers via their API.
- Authorization Stream Access (ASA) enables you to execute real-time personalized transaction permission judgments based on a variety of distinctive data items straight through the API webhook.
- You can use Lithic’s pre-built KYC components or introduce your own. Lithic integrates with your established KYC setup.
- To limit volume, merchant classifications, geos, and so on, use spend restrictions at the transaction, cardholder, and billing levels.
- Use real-time transaction data to create additional insight for enterprise customers or text messages for cardholders.
Why choose Lithic?
Their API is modular, expandable, and designed to provide increased product versatility.
- Make live cards right away for a low set rate per card. Begin without buy-in and initiate when you are ready.
- Try Lithic without the hassle of 100-page agreements, hefty break-up fees, or one-sided judgments. Without wasting precious time, determine whether they are the right fit for you.
- They break down their costing so you know precisely what you’re getting for your money. There are no hidden fees or surprises.
Conclusion
Privacy.com is an organization that produces both financial and information technology services. There is a purpose to safeguarding your digital privacy. The business’s main offices are in the Greater New York Area, East Coast, and Northeastern US. The company is still in operation, and its most recent round of financing was Series C. Their mission is to produce beautiful, utilizable operating systems that safeguard your confidentiality and safety. You are deserving of the best. You can use Lithic’s pre-built KYC components or introduce your own. Lithic integrates with your established KYC setup. Make live cards right away for a low set rate per card. Begin without buy-in and initiate when you are ready. Try Lithic without the hassle of 100-page agreements, hefty break-up fees, or one-sided judgments. They break down their costing so you know precisely what you’re getting for your money. Lithic has received a total of $115.4 million in financing over four rounds. Thirteen investors have contributed to the funding of Lithic. Privacy.com recently changed its brand name to Lithic and raised $43 million in Series B funding as part of its new strategic plan.
FAQs
Ans. Privacy.com is an organization that produces both financial and information technology services.
Ans. Privacy.com recently changed its brand name to Lithic.
Ans. Lithic was originally established in 2014 by Boling Jiang, David Nichols, and Jason Kruse.
Ans. The company focuses on consumer, financial services, fintech, and payments.
Ans. Lithic has received a total of $115.4 million in financing over four rounds.
