Blog

Since its founding in 2019, Mercury has grown to support over 100,000 businesses and handled more than $95 billion of transactions in 2023. To meet their needs, Mercury chose Lithic as their card issuing partner because of Lithic’s world-class product set, ability to handle large volume and scale reliably, flexible support of multiple direct bank partners, and flawless reconciliation.

From building a single application programming interface (API) to connect to bank accounts in 2013, Plaid is now a multi-product fintech giant. The company's story is intertwined with the rise of American open finance and fintech, as examining its past and current technological choices reveals.

Alloy’s Annual State of Compliance Benchmark Report 2023 noted that 60% of fintechs paid at least $250,000 in compliance fines over the past year. Tommy joined Reggie Young, product counsel at Lithic to discuss Alloy's report and how he believes fintechs can more effectively navigate compliance.

Business purchase solution Order used API-first card issuer Lithic to process more than $100 million in GMV through its platform in 2021.

Gordian Software uses Lithic to add virtual cards into its API. The company has since grown 10X and is processing 8-figures in annual transaction volume.