Lithic and Monavate Partner to Power Card Programs Across Traditional and On-Chain Finance
Lithic's processing platform and Monavate's regulated issuing and settlement give fintech and digital asset companies one path to launch and scale card programs
Lithic, the card issuer processing platform powering next-generation financial experiences, today announced a partnership with Monavate, the regulated payments platform and program manager owned by Exodus Movement, Inc. (NYSE: American: EXOD) (“Exodus”), to give companies a single route to building and scaling card programs using fiat and digital currencies.
Building a card program today usually means stitching together several vendors: a regulated issuer for the licenses and BIN, a processor for authorization and the full card lifecycle, and a settlement partner to move the money. Each relationship comes with its own contract, its own integration timeline and its own risk, leaving the customer to hold the seams together.
Lithic and Monavate close those seams by combining what each already does well. Lithic contributes a developer-first processing platform built with direct network connections and sophisticated Authorization Intelligence across debit, prepaid, charge and credit constructs. Monavate contributes the foundation beneath it: FCA authorization as an e-money institution, principal membership with Mastercard, Visa and Discover, its own BINs across its regulated jurisdictions, and settlement that reaches around the world. Put together, a customer will be able to move from decision to launch through a single relationship instead of several.
