image credit: Pixabay

Paytech start-up Extend raises $40m in Series B round

November 8, 2021

The round was led by Californian tech-focused VC firm March Capital, with participation from B Capital, Point72 Ventures, Fintech Collective, Reciprocal Ventures, Wells Fargo and Pacific Western Bank.

Founded in 2017, Extend says it wants to modernise the payments industry “from the inside out”.

The firm provides digital payment infrastructure for banks, businesses and other financial institutions, including a virtual card platform to enable clients to offer digital card solutions.

Extend has integrated with networks and processors — including Global Payments/TSYS, Mastercard and Visa — which means card issuers can use the platform without technical implementation.

Read More on Banking Technology