As demand for Lithic's developer platform grows, the business focuses on developing essential connectors for its clients.
FREMONT, CA: Card issuing has traditionally required lengthy development time, complicated regulations, long-term contracts, and hefty upfront expenses. Lithic, a card issuing API platform, today launched a new Integration Partner Program to assist clients in bringing card solutions to market more quickly and easily. Through this integration, fintech companies developing various card products can use Lithic as a modular, flexible card issuing API alongside a variety of best-in-class products that address adjacent needs such as holding digital wallet balances, crypto/fiat conversion, and integration with lending systems of record.
Payments API platform Wyre supports crypto-to-fiat conversion and various other money movement activities; digital wallet and funds movement provider Sila, digital wallet, banking, and ACH payments API; and Canopy, a contemporary loan servicing platform, are among Lithic's launch partners. Each of these partners provides vital functionality that enables customers to bring new card products to market faster than if they were built from scratch and with greater flexibility than if they used an all-in-one banking as a service platform.
"We built our enterprise API platform to be flexible and compatible with existing infrastructure to provide greater efficiency and ease of use to our customers and developers," said Bo Jiang, CEO, and Founder of Lithic. "By creating our partner program, we will be solving more common use cases for our customers without limiting what's possible for their teams to develop in the way that all-in-one platforms silo teams into."
"Sila and Lithic share a focus on helping customers bring new products to market quickly," said Shamir Karkal, co-founder and CEO, Sila Inc. "Rather than putting the burden on customers to figure out how to best use Lithic and Sila in concert, we did that work for them. Together, we created a guide detailing how customers can use our respective solutions alongside one ››another. We think that makes for a compelling combination of go-to-market speed, while preserving the ability to do custom work when needed."
"Joining Lithic's Integration Partner Program is a great honor for Wyre. Thanks to this latest integration, Lithic clients can offer crypto-to-fiat spending services to their users via debit card. Partners should have no trouble issuing these cards, and users can finally spend their crypto while going about their day-to-day lives. Now we're ever closer to achieving our goal of making cryptocurrencies more accessible than ever," says Wyre CEO Ioannis Giannaros.