-78%

est. 2Y upside i

FinTechSeries C

Lithic creates card issuing and payment infrastructure for technology companies that just works. We help some of the world’s fastest-growing digital banks, fintech companies, and software companies process billions in transactions annually.

Rank

#3566

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Low

Lithic's equity offers significant downside risk for a new hire.

Last updated: July 21, 2026

Bull (10%)-40%

Bull case assumes 15x exit multiple driven by AI transaction leadership and Canadian expansion. Projects $40M revenue, $600M exit, but after 20% dilution and preference, common returns -40%.

Base (50%)-68%

Base case assumes 8x multiple converging to public comps. $320M exit yields -68% return after dilution.

Bear (40%)-100%

Bear case assumes 3x multiple due to strong incumbent competition. $120M exit triggers preference stack, common stock worthless, -100% return.

Est. time to liquidity~4.0 years

Preference Stack Risk

moderate

Funding Intensity

1500%

Total funding $121M represents 15% of $800M valuation; 1x non-participating preferred means in exits below $121M, common gets nothing.

Dilution Risk

high

No funding since 2021; based on revenue and employee count, likely needs a new round within 2 years, diluting existing shares ~20%.

Secondary Liquidity

none

No secondary market data; valuation is based on a 2021 funding round, with no recent trades to indicate current fair value.

Other — 13 roles

View all 13 open roles at Lithic →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Lithic's data — designed to show you've done your homework.

  • 1

    “How does Lithic plan to differentiate from Stripe Issuing and Marqeta given their scale and resources?”

  • 2

    “What are the unit economics (e.g., gross margin, customer lifetime value) for typical card issuance programs?”

  • 3

    “What is the expected timeline to liquidity (IPO or acquisition) and how does the current cap table affect employee equity?”

Community

Valuation Sentiment

Our model estimates -78% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.