New York-based card issuing technology company Lithic has officially expanded into Canada, marking its first foray beyond the U.S. market.
The move introduces powerful multicurrency processing capabilities, enabling businesses to streamline cross-border transactions and launch card programs with unprecedented speed.
Lithic’s expansion aims to simplify how Canadian fintechs, startups, and U.S.-based companies operating in Canada manage money movement. Its multicurrency processing can reduce costs, complexity, and currency conversion risks, providing a critical advantage in an increasingly global financial ecosystem.
“We’re thrilled to be open for business in Canada,” said Lithic co-founder and CEO Bo Jiang. “As open banking regulations are set to change the financial landscape, expectations from banks, fintechs, businesses, and consumers will evolve. Lithic’s entrance into Canada and multicurrency processing abilities are well-timed to support businesses navigating these shifting expectations.”
Lithic’s technology offers Canadian card programs several key benefits, including accelerated market entry—reducing launch times from months to weeks—along with enhanced security through physical cards with offline PIN management. Additionally, its dynamic authorization decisioning and digital wallet integrations promise a modern cardholder experience.
With a commitment to supporting fintech innovation across North America, Lithic’s expansion underscores its vision to empower businesses of all sizes to scale and compete in a rapidly changing financial environment.
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