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.
Lithic’s APIs enable businesses to move money, build card programs, and issue debit, credit, and prepaid cards to consumers and businesses.
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.”
