The round was led by B Capital, with participation from March Capital, Point72 Ventures, FinTech Collective, and new investor, Commerce Ventures.

Extend is a modern spend and expense management platform that helps businesses gain control over spending-without changing their existing bank or credit card programs. Thousands of companies use Extend to create and manage virtual cards, streamline payment workflows, and get real-time visibility into team and vendor spend. Extend powers billions of dollars in transactions while partnering with the financial institutions businesses already trust.