Payments > Best Payments App
Extend is an enterprise fintech platform that allows financial services firms to deliver dynamic payments experiences. The company’s modular-based functionality provides direct access to the Mastercard, Visa and Amex networks and their respective virtual card issuing systems and offers developers a robust toolkit that they can use to develop feature rich controlled payments products for their customers.
The company initially built a controlled virtual card platform to enable small businesses to “extend” credit access to their employees without needing to actually issue them credit cards. As the company’s product has evolved, they have expanded out to a much broader and more versatile range of use cases to deliver capabilities that enable lenders of all types to access the credit card issuing rails in more dynamic use cases around money movement and card control. Some of their initial expansions will be into parent-child cards, the elderly, insurance payments, point-of-sale finance and vendor management. The platform has significant extensibility across financial services, enabling all forms of financial transactions to be hyper controlled yet with ubiquitous acceptance.
Extend was founded in 2016 by CEO Andrew Jamison and COO Guillaume Bouvard, both former VPs at Amex with corporate payments expertise.