Articles from Extend
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Extend, a leading virtual card and spend management platform, looks back on a year of impressive growth and innovation. In 2024, Extend introduced new capabilities that empowered more than 10,000 businesses. This surge in activity highlights how Extend continues to deliver real value to businesses and validates the growing demand for greater control, efficiency and insights offered by virtual cards—a market that’s expected to reach $13.8 Trillion Globally by 2028.
By Extend · Via Business Wire · January 30, 2025
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Extend, a leading virtual card and spend management platform, today announced the launch of Bill Pay, a new feature that empowers businesses to streamline invoice payments using virtual cards. The Bill Pay feature simplifies the workflow for accounts payable processes, optimizes cash flow, maximizes credit card rewards, and enhances security for organizations of all sizes.
By Extend · Via Business Wire · October 28, 2024
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Iconic Ecommerce retailer Beyond, Inc., parent company of Bed Bath & Beyond, Overstock and Zulily, today announced its partnership with Extend to offer customers modern shipping and product protection. The announcement signals the latest move by Beyond to enhance its online shopping experience with convenient, affordable services that bring added value to everyday customers.
By Extend · Via Business Wire · May 1, 2024
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Extend, a leading virtual card and spend management platform, today announced the availability of team budgets, a new feature that helps finance leaders organize and control spending by empowering employees to send and manage secure virtual cards. Extend is available via the credit cards companies already use, and more than 6,000 businesses pay with Extend, making millions of virtual card transactions worth billions of dollars every year. With the rollout of team budgets, those customers gain an even easier way to eliminate risky card sharing behavior and achieve more with their preferred card programs.
By Extend · Via Business Wire · March 27, 2024
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Extend, a leading virtual card and spend management platform, closed out a strong 2023 with a number of key developments that expanded the company’s reach and capabilities. With the addition of strategic partnerships and innovations, Extend is well-positioned to capitalize on the $3T virtual card market, which is expected to grow 355% to $14T by 2028, according to Juniper Research.
By Extend · Via Business Wire · January 31, 2024
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Extend, a leading virtual card and spend management platform, today announced it has embedded its virtual card functionality into Concur Invoice. This is the first fully embedded virtual card experience that keeps customers immersed in Concur Invoice from registration through payment. It also represents the first time SAP Concur customers can register for virtual card services within Concur Invoice while keeping their existing corporate or purchasing card. There is no need for a new card, contract, or settlement process. BMO will become the first issuing partner bank to offer this option to its Corporate Card customers that are using Concur Invoice.
By Extend · Via Business Wire · December 5, 2023
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Extend, the leader in technology-enabled product protection, announced today a partnership with Tonal, a leader in the home fitness equipment industry with its advanced strength and personal training platform that combines proprietary digital weight, artificial intelligence, and expert-led coaching, to offer Extend Product Protection to Tonal’s customers. The Extend solution will offer nationwide in-home service and repairs for Tonal customers who purchase protection plans. The program includes 4- and 5-year protection plans and will cover accidental damage and, once the manufacturer warranty ends, mechanical and electrical failure.
By Extend · Via Business Wire · November 2, 2023
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Extend, a leading virtual card and spend management platform, today announced two new leadership appointments. Danny Morrow, Extend’s co-founder, will transition to the role of chief innovation officer after serving as CTO since the company’s inception in 2016. Jonathan Bailey will assume the role of chief technology officer. Both appointments come as Extend expands its suite of virtual card and spend management solutions to help businesses manage spending with greater control and efficiency.
By Extend · Via Business Wire · October 19, 2023
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Extend today announced the launch of AI-powered automatic receipt matching via its spend management platform. The new feature allows users to email or upload receipt images into the Extend app, where those images are then automatically matched to their corresponding transactions. Coupled with Extend's receipt rules and reminder features, this new capability saves finance teams and employees time in managing and reconciling expenses, making it even easier for users to comply with company expense policies.
By Extend · Via Business Wire · October 17, 2023
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RevolutionParts and Extend are excited to announce a new partnership aimed at bringing Shipping Protection to its customers, including new car dealerships selling parts and accessories online through the RevolutionParts platform.
By Extend · Via Business Wire · March 14, 2023
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Extend, a leading virtual card and spend management platform, had a strong 2022 as customers embraced the opportunity to add powerful controls and insights to their business credit cards. Since its founding nearly six years ago, Extend has empowered companies to turn their existing credit card into a spend management platform. Last year alone, Extend, which has more than 5,000 customers and processes billions of dollars of charge volume, doubled the number of active users on its platform and tripled its charge volume.
By Extend · Via Business Wire · January 31, 2023
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Extend, a leading virtual card and spend management platform, today announced a partnership with HSBC, one of the world’s largest banking and financial services organizations. HSBC will offer Extend solutions to its commercial card clients in the U.S. to help companies manage spending with the flexibility and control of virtual cards. Using their HSBC business cards, joint customers will be able to simplify essential processes – like closing the books at the end of the month – and instantly empower anyone, anywhere to make business payments. Extend’s digital solutions are now available to HSBC U.S. Commercial Card Clients with additional features coming in early 2023.
By Extend · Via Business Wire · December 14, 2022
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Extend, a leading virtual card and spend management platform, today announced a collaboration with Bank of the West, which has more than 600 branches and Commercial Banking Offices across the Midwest and Western United States. Bank of the West small and mid-size clients can begin using Extend in minutes, without any technical integration or additional application process required. The pairing gives users a simple, powerful way to control company credit cards and streamline spend management.
By Extend · Via Business Wire · November 15, 2022
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Extend, a leading virtual card and spend management platform, today announced the launch of its open API, the most flexible API for making and managing card payments from existing credit card accounts. By integrating virtual card issuance directly into their existing workflows and systems, tech-savvy small and medium businesses (SMBs) can streamline operations and solve payment reconciliation, control, and volume challenges.
By Extend · Via Business Wire · November 1, 2022
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Extend, a virtual card and spend management platform, today announced a partnership with the NFL Jacksonville Jaguars to provide the team’s 200+ business users with a proactive way to manage and control company credit card spend. With Extend, the Jaguars can keep secure virtual cards on file with different vendors, easily share cards with employees who need to make purchases, and gain real-time visibility over spending on expenses ranging from travel and concessions to equipment and ad campaigns.
By Extend · Via Business Wire · September 13, 2022
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Extend, a leader in technology-enabled product protection, announced today the launch of Shipping Protection which provides protection for replacement when customers’ packages are lost, damaged, or stolen in transit. Customers can now place their important online orders with the confidence that, even if something happens to their package during the shipping process, they’re safeguarded with Extend. Extend’s modern, digitally native platform is trusted by more than five million customers and 800 leading merchants. This remarkable market traction is a result of rapid, customer-focused issue resolution and the ability to drive greater profit and improved margins with each transaction.
By Extend · Via Business Wire · August 3, 2022
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Extend, a leader in tech-based product protection, today announced that its product protection app has achieved "Built for NetSuite" status. The new SuiteApp, built using the Oracle NetSuite SuiteCloud Platform, harnesses the latest in AI technology to help organizations seamlessly offer product protection across sales channels.
By Extend · Via Business Wire · June 15, 2022
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Extend announced today it has been named a Shopify Plus Certified App Partner. Extend’s addition to the exclusive app program reflects the tech-based product protection company’s success in enabling Shopify’s high-growth enterprise merchants to offer a superior post-purchase experience.
By Extend · Via Business Wire · April 11, 2022
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Extend today announced it has been named a BigCommerce Elite Technology Partner, providing approximately 60,000 BigCommerce merchants access to Extend’s tailored protection plans and extended warranties. Beginning today, BigCommerce merchants can integrate Extend’s tech-enabled, product protection stack through the BigCommerce App Marketplace.
By Extend · Via Business Wire · February 17, 2022
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Extend, a leader in technology-driven product protection plans, announced today it has become a licensed service contract provider (also known as an “obligor”), allowing it to design and underwrite its own plans. The move makes Extend the first company to own every step of the product protection or extended warranty process in all 50 states and enables it to offer innovative, consumer-friendly plans customized to meet the unique needs of its merchants and their customers.
By Extend · Via Business Wire · January 19, 2022
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Extend, the leading provider of modern extended warranty and product protection plans for merchants and consumers through API-first solutions, today announced a $260M Series C funding round led by SoftBank Vision Fund 2*. The funding round also includes participation from existing investors Meritech Capital Partners, PayPal Ventures and GreatPoint Ventures, and welcomes new investors Nationwide, Tomales Bay Capital, Launchpad Capital, 10X Capital and 40North. The oversubscribed round brings Extend’s total funding to more than $315M and cements the company’s unicorn status with a $1.6B+ valuation. This new round of funding will be used to continue to scale the Extend team, accelerate its technology footprint, and expand its suite of services that improve customer loyalty and drive revenue for merchants.
By Extend · Via Business Wire · May 18, 2021