Extend joins Wells Fargo Startup Accelerator
Wells Fargo & Company (NYSE:WFC) announced today that digital credit card platform Extend has joined the Wells Fargo Startup Accelerator, a portfolio of startup companies that develop solutions across a broad set of domains including customer experience, payments, marketing, risk and regulation, climate change and security.
Extend provides digital payment infrastructure for trusted financial institutions to enable modern card experiences. Leading banks, businesses, and other innovators can access the full power of virtual cards for their business, products, and clients. Extend offers several products, including a suite of aggregated virtual card APIs, a digital corporate card app, and an industry-first card tokenization service.
“We are delighted to team up with Wells Fargo given their portfolio of small to mid-sized businesses and desire to innovate,” said Andrew Jamison, Extend CEO and co-founder. “We look forward to working together to explore new payment capabilities that to date have only been available to the largest corporate clients. With easy onboarding, intuitive user experience, and strong controls associated with virtual cards, there is huge potential in this partnership and we look forward to seeing it grow.”
Companies in the Wells Fargo Startup Accelerator are able to take advantage of education, mentorship and investment to guide early stage growth. These companies can make use of emerging technologies such as artificial intelligence, distributed ledger technology and augmented reality to solve challenges. Presently there are 27 companies in the Accelerator portfolio.
Now in its sixth year, the Wells Fargo Startup Accelerator focuses on advancing emerging technologies in pursuit of breakthroughs for financial services. Startups are eligible to receive up to $1 million in funding, along with guidance from Wells Fargo business and technology leaders to help refine and scale their solutions.