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Extend raises $20m in new funding

New York based provider of spend management software to banks raised $20m in new funding led by B Capital.

“This funding represents a pivotal moment for Extend as we accelerate our path to profitability and launch our paid SaaS offering,” said Andrew Jamison, CEO of Extend. “With strong backing from B Capital and our investor group, we’re building a comprehensive spend and expense management platform while maintaining our focus on capital efficiency and deepening our relationships across the banking ecosystem.”

Tags

payments, banking, spend management, nyc, software