Wells Fargo Accelerator Adds Biz Card Startup Extend - pymnts.com

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Extend and Oliver have joined the ranks of Wells Fargo's Startup Accelerator, which a press release stated will afford them education, mentorship and investment to guide early-stage growth.

The Startup Accelerator is a portfolio of startup companies working across a varied set of fields, including customer experience, payments, marketing, risk and regulation, climate change and security, the release stated. By working with the Accelerator, companies have access to new technologies like artificial intelligence (AI), distributed ledger technology (DLT) and augmented reality (AR).

There are currently 27 companies as part of the Accelerator, according to the release.

Extend, the release noted, works to provide digital payments services for financial institutions (FIs) to provide "modern card experiences." The company helps to enable virtual cards and offers a suite of products, including aggregated virtual card application programming interfaces (APIs), a digital corporate card app and industry-first card tokenization.

“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, according to the release. “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.”

Oliver works to transform legal servicing by letting every party easily collaborate in a transparent and compliant way. CEO Walker White said in the release that the company wants to work with the Wells Fargo Startup Accelerator to "drive critical capabilities into our solution based on real-world experience with Wells Fargo."

“All our existing and new customers will benefit from the lessons and requirements of one of the largest financial services companies in the world," he said, according to the release.

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Wells Fargo Accelerator Adds Biz Card Startup Extend - pymnts.com
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