COMPANY detail

LIGHTSPARK
Building an open economy for everyone

/

LIGHTSPARK
Company Overview.
Year Founded 2022
Status Private
Specialties Bitcoin & Fiat Payments
Company Size 51-200 Employees
Industry Financial Services
Location Los Angeles, USA
Description.

Lightspark is a global Bitcoin payments infrastructure company founded in 2022 and headquartered in Los Angeles, California. The company was founded by David Marcus, a veteran fintech executive who previously served as President of PayPal and led crypto initiatives at Meta (formerly Facebook). Lightspark's mission is to modernize cross-border payments by leveraging Bitcoin's Lightning Network to enable instant, low-cost money transfers globally.

The company offers three core product lines: Grid (a unified API for sending, receiving, and settling fiat, stablecoins, and Bitcoin globally), Node (enterprise-grade Lightning node management handling keys, liquidity, and routing), and Spark (a Bitcoin Layer 2 solution for near-zero cost transactions). Through its Universal Money Address (UMA) protocol, Lightspark enables human-readable payment addresses that function like "email for money."

In October 2025, Lightspark acquired Striga, a European crypto infrastructure company, to expand into card issuing, compliance solutions, and fiat-crypto ramps. This acquisition positioned Lightspark as a full-stack payments infrastructure provider with Visa card capabilities and banking licenses across multiple jurisdictions.

Lightspark operates in 180+ countries and serves major clients including Coinbase, Revolut, SoFi, Bitso, Bakkt, and Xapo Bank. The company has raised $175 million in Series A funding from top-tier investors including a16z, Paradigm, Thrive, Coatue, and Ribbit. The company maintains regulatory licenses in Estonia (VASP) and holds money transmitter licenses in over 20 US states. Lightspark completed SOC 2 Type 1 compliance certification in June 2024 and is actively working on MiCA compliance for European market entry.

Key Infrastructure.
Grid Single API/SDK to send, receive, and settle value globally using fiat, stablecoins, or bitcoin. Provides real-time settlement with always-on availability and minimal transaction fees across all supported currencies and regions.
Striga Card Issuing Full-stack card issuance platform acquired in October 2025 enabling prepaid card programs with built-in compliance. Supports virtual and physical cards with real-time spending controls, dynamic limits, and merchant category restrictions.
Node Enterprise-grade Lightning node management service handling cryptographic keys, liquidity provisioning, channel balancing, and payment routing. Enables businesses to operate production Lightning nodes without dedicated infrastructure expertise.
Fiat On/Off Ramp Integrated fiat-crypto on/off ramp services enabling seamless conversion between fiat currencies and cryptocurrencies. Provides instant liquidity with competitive exchange rates and compliant ID verification for user onboarding.
Spark Bitcoin Layer 2 solution enabling movement of bitcoin and bitcoin-native assets including stablecoins instantly at near-zero cost. Maintains full connection to Bitcoin's security model while providing enhanced throughput and privacy features.
Universal Money Address (UMA) Protocol enabling instant payments using human-readable addresses instead of complex blockchain strings. Functions like email for money, senders can pay anyone globally using just a simple identifier without knowing wallet addresses.
Additional Features.
180+ Countries
Operational in over 180 countries enabling global reach for cross-border payments and card issuance.
Multi-Currency Support
Support for fiat currencies, USDC, USDT, and Bitcoin across all products with automatic conversion.
Top-Tier Investors
Backed by a16z, Paradigm, Thrive, Coatue, and other leading crypto-focused venture capital firms.
Developer Documentation
Comprehensive SDKs, APIs, and sandbox for rapid integration, prototyping, testing, and faster time-to-market for products.
Strategic Partnerships
Integrations with Coinbase, Revolut, SoFi, Bitso, and Cross River Bank for expanded service capabilities.
Enterprise SLAs
Commercial-grade SLAs with 99.9% uptime guarantee, ensuring reliability and financial remedies for mission-critical payments.

GENERAL Questions.

What does this company do?
Lightspark provides payment infrastructure for instant, low-cost transfers using the Bitcoin Lightning Network and stablecoins, enabling global fiat-to-crypto integration.
Who are their main clients?
Exchanges, digital banks, wallets, fintech companies, and traditional banks.
Are they licensed?
They operate globally through acquired entities (Striga) and partnerships with licensed banks like Cross River Bank.
What blockchains/stablecoins supported?
Bitcoin, Lightning Network, USDC, USDT.