Extend Enterprises

Extend Enterprises, founded in 2017, operates as a digital payment infrastructure provider, enabling modern card experiences by transforming existing business credit cards into a comprehensive spend management platform. The company was established by Andrew Jamison, Danny Morrow, and Guillaume Bouvard, a trio of industry veterans with extensive backgrounds at financial giants like American Express and Capital One. Their collective experience in B2B payments, product development, and financial technology informed their mission to bridge the gap between modern payment expectations and the legacy systems of traditional banks.

Andrew Jamison, the CEO, previously headed B2B Corporate Payments Products at American Express, where he significantly grew payment volumes by launching new digital platforms. Guillaume Bouvard, the COO & CMO, has a 12-year tenure at American Express in various leadership roles and experience at Capital One, focusing on translating market insights into financial products. Danny Morrow, the Chief Innovation Officer, brings over two decades of engineering experience, having developed technology for high-end brands like Apple and Tiffany & Co. before co-founding Extend.

The company's core business revolves around providing a platform that allows businesses to issue and manage virtual credit cards without switching their existing banking relationships. This model is particularly aimed at small to mid-sized businesses, a market segment the founders identified as underserved by enterprise-level solutions. Extend partners directly with major banks and card networks like Visa, Mastercard, and American Express, integrating its technology to add a layer of modern features onto existing card products. Revenue is generated by providing this infrastructure as a service to banks and offering its spend management software directly to businesses. The platform enables companies to instantly create virtual cards with specific spending limits and validity periods, empowering employees, contractors, and different departments while maintaining centralized control and visibility over expenditures.

Extend's product suite includes a digital corporate card application for web and mobile, and a suite of APIs for custom integrations. Key features include the ability to create and distribute virtual cards instantly, set spending controls, manage budgets for teams or projects, and streamline expense reconciliation. This approach eliminates the need for card sharing and simplifies processes like bill-backs and managing contractor expenses. By working with established financial institutions, Extend offers a solution that avoids the disruption of changing banking partners, a significant differentiator in the fintech landscape.

Keywords: spend management, virtual cards, B2B payments, payment infrastructure, fintech, corporate cards, expense control, financial technology, payment solutions, API integration