Lithic Expands into Canada offering Multicurrency Processing Capabilities

NEW YORK--Lithic, a leading card issuing technology company known for enabling growth-oriented businesses with bespoke card programs and seamless money movement, today announced its expansion into the Canadian market. This marks Lithic’s first entry into a non-U.S. market and introduces powerful multicurrency processing capabilities that position Lithic to support the most ambitious and innovative card program use cases.

With this expansion, Lithic enables businesses to manage and process transactions in multiple currencies, which can reduce complexity, costs, and the risks associated with traditional currency conversion. This strategic move positions Lithic as a critical partner for Canadian fintechs, growth startups, and U.S.-based card programs looking to extend their reach into Canada.

“We’re thrilled to be open for business in Canada. Our multicurrency processing capabilities are not just an additional feature, but a game-changer for businesses operating in and expanding into Canada,” said Bo Jiang, co-founder and CEO of Lithic. “As open banking regulations are set to change the financial landscape, so will expectations from Canadian banks, fintechs, businesses, and consumers which will all look for more modern banking and payments experiences. Lithic’s entrance into Canada and multicurrency processing abilities are well-timed to support businesses navigating the shifting expectations.”

What this means for card programs in Canada:

As part of this expansion, Lithic remains committed to enhancing its platform to support the diverse needs of fintechs and financial institutions across North America and beyond. The company’s vision is to enable businesses of all sizes to innovate, scale and compete in a rapidly changing financial environment.

For more information about Lithic and its multicurrency processing and card fulfillment capabilities, please visit www.lithic.com.

ABOUT LITHIC

Lithic is a leading card issuing technology company built for high growth technology companies. Lithic’s APIs enable businesses to move money, build card programs, and issue debit, credit, and prepaid cards to consumers and businesses with unparalleled ease and flexibility. With a focus on empowering businesses to scale globally, Lithic is committed to providing innovative solutions that meet the evolving needs of the financial services industry. For more information, visit www.lithic.com.