New York based digital credit card startup has raised a $3m Series Seed led by Point72, with participation from Plug and Play and Reciprocal Ventures.
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Extend, the Digital Credit Card Sharing Platform That Partners with Banks, Gets Backing from Point72
Extend’s mission is to create a universal digital card sharing platform, in partnership with credit card issuers and networks, that enables both cardholders and designated recipients to effortlessly send and receive temporary digital credit cards. With Extend, cardholders can easily and instantly give secure access to a company funded digital credit card to any employee or freelancer. Each digital credit card has a unique card number, a defined spend limit and expiration date, and all purchases can be easily tracked. "...With Extend, the common but unauthorized practice of handing over your credit card to an employee or freelancer is over. We eliminate the need for individuals to use their personal cards to pay for business expenses. Instead, we enable business leaders to empower their staff to make purchases on company issued digital cards.”
