The round was led by Bessemer Venture Partners with participation from Index Ventures, Tusk Venture Partners, Rainfall Ventures, Teamworthy Ventures, and Walkabout Ventures. The Lithic card issuing platform was released in 2020 under the Privacy.com brand, with the mission to make it simple for developers to programmatically create virtual and physical payment cards.
In recognition of this opportunity, the company is rebranding to Lithic and using the new capital to double down on development of the card issuing platform. Privacy.com, the consumer product, continues to be a virtual card service dedicated to making payments safer and easier online, and is now officially powered by the Lithic card issuing platform, as the press release states.
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