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Lithic announces partnership with Novo to launch Commercial Revolving Credit API

Dec 09, 2024over 1 year ago

Contract Type

partnership

New YorkFinancial ServicesFintech

Description

Lithic, a leading financial technology platform, announced the launch of its Commercial Revolving Credit API, expanding its suite of credit solutions for businesses. The new offering enables card programs to quickly launch and scale commercial credit card programs with unmatched flexibility and control. Novo, a leading banking platform, leveraged Lithic's new API infrastructure to launch its Novo Business Credit Card, issued by Continental Bank, catering to self-employed professionals and entrepreneurs.

Company Information

Company

Lithic

Location

New York, New York, United States

About

Lithic is a leading financial technology platform known for powering growth businesses with bespoke card solutions and seamless money movement.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months