Extend offers a digital card platform that integrates with any commercial card, enabling businesses to manage payments, budgets, and expense tracking through virtual cards. This solution provides real-time visibility and streamlined reconciliation processes, enhancing control over employee spending and vendor payments.
Funding
$54M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PA+3Founders
Product
Problem
Many businesses lack real-time visibility and control over employee spending and vendor payments when using traditional commercial cards. This can lead to inefficient expense tracking, reconciliation challenges, and potential overspending.
Solution
Extend offers a platform that integrates with existing commercial cards to provide businesses with enhanced control and management of payments. Through the use of virtual cards, businesses can set spending limits, track expenses in real-time, and streamline reconciliation processes. The platform provides a web and mobile app for managing virtual cards, budgets, and bill payments, as well as an API for custom integrations. By using Extend, companies gain better oversight of spending, automate expense management, and improve overall financial efficiency.
Target Audience
Extend primarily targets businesses of all sizes that utilize commercial cards and seek to improve spend management, streamline expense tracking, and enhance financial control.
Features
- Virtual card generation for controlled spending and enhanced security
- Customizable spending limits and active dates for each virtual card
- Real-time transaction tracking and reporting
- Automated reconciliation with expense report generation
- Integration with existing accounting and ERP systems via API
- Mobile app for on-the-go virtual card management
- Role-based access controls for administrators and end-users
- Support for various commercial card networks, including American Express, Visa, and Mastercard