Credit Solutions Expanded as Lithic and Veritex Community Bank Partner
Lithic, a leading financial technology platform specializing in customized card solutions and seamless money movement, has announced a strategic partnership with Veritex Community Bank, one of the top 10 largest banks in Texas. This collaboration will empower businesses to create commercial credit products with enhanced flexibility, supporting their growth and financial needs.
Lithic, a leading financial technology platform specializing in card solutions and seamless money movement, has announced a strategic partnership with Veritex Community Bank, one of Texas’s largest financial institutions. This collaboration will see Veritex serve as a banking partner for Lithic’s commercial credit products, offering businesses enhanced flexibility in creating tailored financial solutions. The partnership combines Lithic’s innovative technology with Veritex’s reputation for integrity and transparency, providing businesses with powerful tools to build and manage commercial credit products efficiently.
Bo Jiang, CEO of Lithic, expressed enthusiasm about the partnership, stating, “Best-in-class, flexible quality is at the heart of everything we do at 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.”
Veritex Community Bank, headquartered in Dallas, is well-regarded for its personalized approach to banking. It specializes in serving small and mid-sized businesses—a group often overlooked by larger, national banks. With assets exceeding $12 billion and a strong presence in Houston, Fort Worth, and Dallas, Veritex Bank’s community-driven ethos and forward-thinking perspective make it a natural fit for a partnership with Lithic. The bank’s reputation for delivering truth, transparency, and uncompromising integrity aligns perfectly with Lithic’s mission to provide flexible, innovative financial products to businesses of all sizes.
Jay Darnell, Senior Vice President and Head of B2B Fintech Enablement & Partnerships at Veritex Bank, commented on the partnership, saying, “We are excited to partner with Lithic to advance commercial credit solutions that serve the evolving needs of businesses. 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.”
The partnership between Lithic and Veritex Community Bank aims to support businesses seeking to develop credit-based financial products by offering a combination of flexibility, compliance, and seamless integration. Businesses will benefit from enhanced flexibility, with Lithic’s best-in-class program management services tailored to their unique commercial credit needs. The partnership also provides streamlined compliance, with a trusted, compliant infrastructure supported by both companies’ combined expertise. Additionally, the collaboration prioritizes user-friendly, tech-enabled solutions to ensure seamless integration and ease of use for businesses looking to bring new financial products to market.
One of the key advantages of this collaboration is the ability for businesses to create customized credit products without the burden of navigating complex and cumbersome banking processes. Lithic’s powerful APIs will allow businesses to issue credit, debit, and prepaid cards to consumers and businesses with ease, while Veritex’s banking infrastructure ensures that all products meet industry standards for compliance and security.
The Lithic-Veritex partnership is effective as of January 2025, with expanded services available to businesses across the United States. By combining their strengths, the two companies are poised to drive innovation in the commercial credit space and offer businesses the tools they need to grow and thrive in an increasingly digital financial landscape.
This collaboration reflects Lithic’s ongoing commitment to providing businesses with the flexibility and control they need to scale globally. Lithic’s APIs and technology solutions have already been empowering high-growth companies to build seamless financial products, and this new partnership with Veritex will help extend those capabilities to businesses looking to develop and manage credit products.
About Lithic
Lithic is a leading card issuing technology company designed for high-growth technology companies. Lithic’s APIs empower businesses to move money, build card programs, and issue debit, credit, and prepaid cards to consumers and businesses with ease and flexibility. With a focus on enabling businesses to scale globally, Lithic is committed to providing innovative solutions that meet the evolving needs of the financial services industry.
About Veritex Community Bank
Veritex Community Bank is a mid-sized community bank providing a full suite of banking products and services. The bank operates branches in Houston, Fort Worth, and Dallas, Texas, and has total assets exceeding $12 billion. Specializing in providing depository and credit services to small- to mid-sized businesses, Veritex has become a trusted partner for companies often overlooked by national banks. The bank’s name, derived from the Latin word “veritas” meaning truth, reflects its commitment to honesty and integrity in serving its customers.
