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pymnts.comAUG 133 min read$EXOD

Lithic and Monavate Partner to Power Card Programs Across Traditional and On-Chain Finance

Lithic announced a partnership with Monavate, a regulated payments platform owned by Exodus (NYSE: EXOD), to provide a single route for card programs using fiat and digital currencies. The deal combines Lithic’s processing and authorization capabilities with Monavate’s e-money authorization, Mastercard/Visa/Discover memberships, BINs, and global settlement. Exodus acquired Monavate in 2026.

Original reporting
pymnts.com
Published Aug 13, 2026, 6:15 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Aug 13, 2026, 6:32 PM UTC. Informational, not investment advice.
How this was made
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Lithic and Monavate Partner to Power Card Programs Across Traditional and On-Chain Finance — source image
Source · pymnts.com
Decision brief

The 30-second read

$EXODBullishLow
01

Why it matters

The partnership offers a single integration route for companies building card programs that span fiat and digital currencies, potentially reducing time-to-launch and integration risk.

02

Market read

This is a product and distribution partnership that strengthens the regulated card-program stack under Exodus-owned Monavate, but it lacks quantified financial impact.

03

What to watch

Traders may want to verify whether Lithic and Monavate already had overlapping customers, and whether Exodus’s acquisition of Monavate already enabled similar capabilities before this announcement.

Relevance 5/10Novelty 4/10Timing: today’s partnership announcement

Background

Lithic provides processing and authorization intelligence; Monavate provides FCA e-money authorization, scheme memberships, BINs, and settlement. Exodus owns Monavate after acquiring it in 2026.

Company-level read

Ticker impact

$EXODBullishMedium confidence
Context

Exodus acquired Monavate in 2026, and the partnership expands Monavate’s regulated card-program issuing and settlement capabilities with Lithic.

Expected impact

Limited near-term impact; could support longer-term narrative around Monavate’s distribution and licensing value.

Evidence & confidence

The article is a partnership announcement, not a financial disclosure. It does, however, connect Exodus-owned Monavate to a scalable card-program route, which can matter for future revenue visibility.

Market effects

Sector

Highlights consolidation of regulated issuing, BIN ownership, and settlement into a single stack for fintech and crypto-adjacent card programs.

Regional

Mentions global settlement reach, implying broader addressable markets for card program launches.

Global

Supports the trend of on-chain and traditional finance convergence via regulated card rails.

Counterpoint

What could challenge this read

Partnership PR may not translate into material revenue quickly, especially without disclosed customer wins, volumes, or pricing.

Key entities

  • company
    Lithic

    Card issuer processing platform providing authorization and card lifecycle infrastructure.

  • company
    Monavate

    Regulated payments platform and program manager with FCA authorization, scheme memberships, BINs, and settlement.

  • company
    Exodus

    Self-custodial finance and payments platform that acquired Monavate in 2026.

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