Lithic, a leading financial technology platform specializing in bespoke card issuing solutions and seamless money movement, today announced the expansion of its platform to enable fintechs to issue cards on the American Express® network. Fintechs of all sizes now have the opportunity to apply to develop and scale innovative payments solutions for consumers and businesses with access to the American Express network.
"By empowering fintechs to issue cards on the American Express network, our customers now have a differentiated product choice that can deliver exceptional value to their users,” said Bo Jiang, CEO of Lithic. “This is a significant step forward in our mission to provide first-class payments infrastructure to the fastest growing and most ambitious fintechs.”
Lithic will unlock a new network option for fintechs looking to launch card products, with the global acceptance and trusted reliability of the American Express network, paired with Lithic’s modern and scalable card issuing platform.
“We are very pleased to welcome Lithic to our Agile Partnership Platform, which helps fintechs and other industry disruptors launch payment products and capabilities quickly and easily on the Amex network, while providing access to our differentiated brand, assets and expertise,” said Will Stredwick, SVP and GM of Global Network Services for North America at American Express. “Working with Lithic is aligned to our continued strategy of delivering seamless, scalable and innovative payment solutions to more customers, in more ways.”