Extend Enterprises, a New York-based fintech startup, raised $40m in Series B funding.
The round was led by March Capital with participation from B Capital, Point72 Ventures, Fintech Collective, Reciprocal Ventures, Wells Fargo, and Pacific Western Bank.
The company intends to use the funds to further develop its platform and expand its service offerings.
Led by Andrew Jamison, CEO & Co-founder, Extend provides digital payment infrastructure for financial institutions to enable modern card experiences. Banks, businesses, and other innovators can access virtual cards for their business, products, and clients. The company offers several products, including a suite of aggregated virtual card APIs, a digital corporate card app, and an industry-first card tokenization service.
Most recently, American Express announced they are now offering Extend’s virtual card platform to their millions of Business Card Members.