Market Research Report: Extend Enterprises, Inc.

Company Overview

Name: Extend Enterprises, Inc.

Mission of the Company:
Extend allows individuals and businesses to connect the siloed technologies that make up the backbone of major financial institutions. By providing new points of access to traditional payment rails, Extend enables the innovation of modern payment experiences.

Founded: No information is available

Founders: Andrew Jamison, Danny Morrow, Guillaume Bouvard

Key People in the Company:

• Andrew Jamison: CEO, Co-founder

• Danny Morrow: CIO, Co-founder

• Guillaume Bouvard: COO/CMO, Co-founder

• David Blaha: Chief Revenue Officer

• Joon Park: Chief Legal Officer

• Mike Varney: Vice President, Finance and Operations

• Jonathan Bailey: Chief Technology Officer

• Livia Foo: Vice President, Human Resources

Headquarters: New York, NY

Number of Employees: No information is available

Revenue of the Company: No information is available

Noteworthy Information: Extend is known for its industry-leading virtual card solutions and flexible API-first virtual card platform tailored for both vendors and businesses.

Products

Virtual Cards

• Description: Provides secure, controllable, and efficient ways to manage payments and expenses using virtual cards.

• Key Features:

• One-time use, multi-use, and recurring cards

• Ability to send guest cards directly to vendors or contractors

• Mobile wallet integration for in-store use

• Robust spend controls including limits and expiration dates

• Easy deactivation/reactivation

Budgets

• Description: Enables businesses to allocate and control spending budgets across teams, projects, and clients.

• Key Features:

• Budget creation for various expense categories

• Visibility over budget balances for informed decisions

• Empowerment for teams to create their own virtual cards within a budget

Receipt Management

• Description: Simplifies the process of attaching and managing receipts and invoices.

• Key Features:

• Attach receipts and invoices to transactions

• Set rules and reminders for receipt submissions

• Downloadable transaction statements with matching attachments

Expense Reports

• Description: Manages employee out-of-pocket expenses alongside card spending.

• Key Features:

• Capture and categorize out-of-pocket expenses

• Submit and track expense reports

• Notify employees of approval statuses

Reconciliation

• Description: Streamlines and automates the reconciliation process.

• Key Features:

• Custom expense category codes integration

• Automated tagging of cards and transactions

• Data-rich downloadable transaction statements

Integrations

• Description: Integrates with accounting and expense software for streamlined processes.

• Key Features:

• Quickbooks and Concur integrations

• Import physical card transactions alongside virtual transactions

Recent Developments

Recent Developments in the Company

• Extend has been expanding its spend management offerings with new features such as Team Budgets.

• Extended its capabilities through Virtual-Card-As-A-Service Integration with Concur Invoice.

New Products Launched

• Team Budgets: An extension of their spend management suite to improve oversight and control over team expenses.

New Features Added to Existing Products

• No information is available

New Partnerships

• BMO Launches Mobile Wallet for Virtual Cards with Mastercard and Extend: Enhance the usability of virtual cards with mobile wallet integration.

Conclusion

Extend Enterprises, Inc. leverages the power of virtual cards to provide flexible, secure, and efficient payment solutions tailored to meet the needs of modern businesses. Through continuous innovation and strategic partnerships, Extend has positioned itself as a leader in the fintech space for both banks and businesses looking to modernize their payment and expense processes.