CEO: Andrew Jamison
Headquarters: New York
Last Funding Round: 2021
Lead Investors: B Capital, Plug and Play, Wells Fargo, March Capital, Reciprocal Ventures
As “neo-banks” become a growing force in the corporate payment space, one technology provider is giving traditional banks additional ammunition in their battle to court and hold corporate customers.
As its name implies, the Extend platform, via bank partnerships, lets users “extend” existing card products by issuing virtual cards that can be paid on the original card’s account. The company reported 10,000 businesses in the U.S. and Canada using its platform, each spending on average more than $100,000 a month.
Bank profits are driven by payment…
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