Digital Banking > Best API
Extend believes that the accessibility and use of business payments is fundamentally broken. To solve this problem for employees across the U.S., Extend is transforming the $1.6 trillion U.S. corporate card industry with it’s sophisticated technology, designed to ease business payments and transactions for a variety of employees, including those at legal firms, fintech companies, online lenders, banks, rideshare startups, production studios, and many more. The platform is created in partnership with banks and card networks, which enables both cardholders and designated recipients to securely and instantly send and receive temporary virtual credit cards. The platform also offers a simple, secure virtual payment option for the $864 billion U.S. gig economy.
Extend offers two main products: an app for businesses that want to instantly give their employees and contractors a secure means of payment, and a suite of APIs for incumbents and startups to leverage virtual credit cards. The firm was founded in 2017 by Andrew Jamison, Danny Morrow, and Guillaume Bouvard, all industry veterans with decades of experience at Fortune 500 companies including American Express and Capital One.
Extend has raised $14 million to date, most recently completing an $11 million Series A financing round led by Point72 Ventures and FinTech Collective, with additional participation from Reciprocal Ventures and strategic partner City National Bank.
Having integrated with both Mastercard and Visa, and already partnered with half a dozen strategic banks, Extend will continue to launch new features for its app and open APIs.