Deals
Startup Lithic Valued at $800 Million With Bet by Stripes
- Bessemer, Index Ventures, Exor also part of fundraising round
- Firm’s goal is to make issuing cards faster and easier
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Payments-technology startup Lithic, formerly known as Privacy.com, raised $60 million in a funding round led by growth-equity firm Stripes.
Bessemer Venture Partners, Index Ventures, Exor, Tusk Venture Partners, Rainfall and Commerce Ventures also participated in the round, Lithic co-founder and Chief Executive Officer Bo Jiang said in an interview. The transaction quintupled the card-issuing platform’s valuation to $800 million, according to people with knowledge of the matter.