# Extend Enterprises

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/extend-enterprises

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.paywithextend.com
- Total disclosed funding: $54M
- Latest round: Series B (Jul 21, 2021)
- Investors on record: 10

## About

Extend Enterprises, Inc. specializes in innovative spend management solutions utilizing virtual credit card technology to optimize payment processes for businesses, enhancing financial control and operational efficiency.Founded in 2017 by Andrew Jamison, Danny Morrow, and Guillaume Bouvard, Extend Enterprises, Inc. is headquartered in New York, US. The company focuses on streamlining payment solutions through virtual credit card services. Extend offers a sophisticated spend management solution that leverages virtual credit card technology to streamline payment processes for businesses. Their core product allows companies to generate virtual credit cards linked to existing company credit cards, enhancing expenditure control and financial transaction efficiency. Integrating the Extend virtual card API, businesses can manage departmental spending seamlessly. The primary clientele includes small to medium-sized businesses and office administrators in North America, seeking scalable payment solutions.Extend's revenue model is based on a subscription framework for virtual credit card services. Clients engage in transactions through the issuance of virtual cards for their teams, with billing on a monthly or annual basis according to the selected plan. Each transaction generates operational fees, contributing to the revenue stream. Additionally, the company offers premium features to enhance their service offerings, focusing on B2B relationships to simplify expense management and improve financial oversight through technology. In September 2025, Extend Enterprises, Inc. raised venture funding led by B Capital Group, with participation from FinTech Collective, March Capital, and Point72. Commerce Ventures also participated in the round. The round was part of a larger USD 20 million equity and venture debt funding. The company will use the funding to expand bank partnerships and launch new expense tracking services. Specific geographic expansion plans and new product launches have yet to be detailed, but the recent funding emphasizes the company's commitment to developing innovative solutions in the spend management sector.

## Funding rounds

- Series B, Jul 21, 2021, $40M — Wells Fargo Bank, Pacific Western Bank, FinTech Collective, March Capital, B Capital, Point72 Asset Management, Reciprocal Ventures
- Series A, Apr 10, 2019, $11M — City National Corporation, FinTech Collective, Point72 Asset Management, Reciprocal Ventures
- Seed, Apr 24, 2018, $3M — Plug and Play, WorldQuant Ventures, Point72 Asset Management, Reciprocal Ventures

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- WorldQuant Ventures (https://capitalatlas.ai/funds/worldquant-ventures) — Seed
- Point72 Asset Management — Seed, Series A, Series B
- Reciprocal Ventures (https://capitalatlas.ai/funds/reciprocal-ventures) — Seed, Series A, Series B
- City National Corporation — Series A
- FinTech Collective (https://capitalatlas.ai/funds/fintech-collective) — Series A, Series B
- Wells Fargo Bank — Series B
- Pacific Western Bank — Series B
- March Capital (https://capitalatlas.ai/funds/march-capital) — Series B
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series B