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We're incredibly excited to announce that we have co-led Extend's Series A alongside Point72. Extend has developed the technology and partnerships (including Visa, MasterCard, and large banks) needed to enable businesses, employees, and freelancers anywhere to use virtual credit cards.
Extend has announced its $11 million Series A financing. Extend’s platform enables frictionless virtual credit card issuance for banks, corporations, and other startups. The round was led by Point72 Ventures and FinTech Collective, with additional participation from Reciprocal Ventures and strategic partner City National Bank. Extend, which is building core infrastructure for the future of payments, is transforming the $1.6 trillion U.S. corporate card industry. Its platform also offers a simple, secure virtual card payment option for the $864 billion U.S. gig economy. Having integrated with both Mastercard and Visa, and already partnered with a half dozen strategic banks, Extend will use the funds to launch new features for its app and open APIs, accelerate bank partnerships, and recruit top-tier talent across engineering, marketing, and operations.
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