Lithic and Veritex Community Bank Announce Strategic Partnership to Expand Credit-Based Financial Solutions

NEW YORK--(BUSINESS WIRE)--Lithic, a leading financial technology platform known for powering growth businesses with bespoke card solutions and seamless money movement, today announced a strategic partnership with Veritex Community Bank, one of Texas’s top 10 largest banks. This collaboration enables Lithic to empower businesses looking to build commercial credit products with greater flexibility.

Through this partnership, Veritex Bank will serve as a banking partner for Lithic’s commercial credit products. Veritex Bank’s reputation for integrity and transparency make it an ideal partner for Lithic, which is dedicated to delivering high levels of observability, control, and flexibility to its customers. Both companies share a commitment to delivering trusted, high-quality solutions that drive value for consumers and businesses alike.

“Best-in-class, flexible quality is at the heart of everything we do at Lithic,” said Bo Jiang, CEO of Lithic. “Partnering with Veritex Bank allows us to align with a banking institution that not only values transparency and integrity but also brings a collaborative, tech-forward approach to financial innovation. Together, we’re unlocking new opportunities for businesses to deliver better payment products.”

Headquartered in Dallas, Veritex Community Bank is known for its personalized approach to banking, specializing in serving small- and mid-sized businesses—a demographic often overlooked by national banks. With total assets exceeding $12 billion and a footprint across Houston, Fort Worth, and Dallas, Veritex Bank’s community-driven ethos and forward-thinking perspective make it a standout partner in the fintech space.

“We are excited to partner with Lithic to advance commercial credit solutions that serve the evolving needs of businesses,” said Jay Darnell, SVP, Head of B2B Fintech Enablement & Partnerships at Veritex Bank. “Lithic’s commitment to providing accessible, reliable infrastructure aligns perfectly with our mission to deliver truth, transparency, and uncompromising integrity. Together, we’ll help businesses bring innovative credit products to market with confidence.”

Businesses seeking to develop credit-based financial products will benefit from:

• Enhanced Flexibility: Best-in-class program management services tailored to commercial credit needs.
• Streamlined Compliance: Trusted, compliant infrastructure supported by Lithic and Veritex Bank’s combined expertise.
• Seamless Integration: A collaborative partnership designed to prioritize user-friendly, tech-enabled solutions.

The collaboration between Lithic and Veritex Community Bank is effective as of January 2025, with expanded services available to businesses across the United States. For more information about Lithic and Veritex Community Bank’s partnership, visit Lithic.

About Lithic

Lithic is a leading card issuing technology company built for high growth technology companies. Lithic’s APIs enable businesses to move money, build card programs, and issue debit, credit, and prepaid cards to consumers and businesses with unparalleled ease and flexibility. With a focus on empowering businesses to scale globally, Lithic is committed to providing innovative solutions that meet the evolving needs of the financial services industry. For more information, visit www.lithic.com.

About Veritex Community Bank

Veritex Community Bank is a mid-sized community bank serving its customers with a full suite of banking products and services. The bank has convenient branch locations in Houston, Fort Worth, and Dallas, Texas, with total assets of more than $12 billion. The bank, headquartered in Dallas, specializes in providing depository and credit services to small to mid-size businesses, which have been largely neglected by national banks. The name “Veritex” is derived from the Latin word “veritas,” meaning truth and “Texas.”