Canopy and Lithic Announce a Partnership
Canopy Servicing is thrilled to announce our partnership with Lithic, a complete virtual and physical card issuing platform built for developers.
Lithic makes it simple for innovative startups, Fintech companies and brands to issue debit and credit cards. Working together, Canopy and Lithic will enable our joint customers to bring card products to market faster and easier.
“The Canopy + Lithic partnership has allowed us to focus on growth and cardholder acquisition from day one as opposed to ledgers, payments, and infrastructure,” said Zach Johnson, CEO of dash.fi (formerly FunnelDash), a vertical Fintech company serving digitally native businesses that spend millions on marketing with a charge card exclusively for ad spend. “As a result, we’ve seen record growth since we rolled out the charge card in September 2020.”
Lithic joins the growing ecosystem that is re-imagining credit and lending products on Canopy's platform for loan management and servicing. We’ve been gratified to watch our first joint customers bring to life new financial products that would have been prohibitively expensive to create using traditional infrastructure.
We know this is just the beginning. We expect many more products to be created as our platforms’ benefits become increasingly well-known, and we look forward to working with Lithic to support the flourishing of financial services innovation.
What is Canopy?
We believe in building technology that helps facilitate better life experiences. Financial products have largely been the same, lacking transparency and control. Canopy is built for developers to launch and service financial products in the most flexible way.