The Virtual Card Revolution Powering $7 Billion in Transactions, with Extend CEO Andrew Jamison

Lex interviews Andrew Jamison - CEO and Co-founder of Extend - a
financial infrastructure platform that helps banks innovate
financial product development with capabilities while working
with their existing systems, starting with virtual cards. Andrew
shares his journey into fintech, detailing his experiences at
American Express and the evolution of virtual cards. He discusses
the challenges and opportunities in the virtual card space, the
founding of Extend, and its innovative approach to simplifying
spend management. The episode highlights Extend's rapid growth,
unique market position, and the future of financial management,
emphasizing real-time transactions and integrated solutions for
businesses.


 


Notable discussion points:


 


Virtual Cards = Smarter Spend ManagementVirtual credit cards
revolutionize payments by enabling real-time reconciliation,
reducing fraud, and improving financial control—especially for
SaaS, digital ads, and legal expenses.


 


Extend’s Edge: Partnering with Banks, Not Disrupting ThemUnlike
Brex and Ramp, Extend powers virtual cards on existing
bank-issued cards, making adoption seamless for businesses while
strengthening bank relationships.


 


B2B Payments Go EmbeddedThe future of finance is embedding
payments directly into platforms like SAP Concur - letting CFOs
manage expenses within the tools they already use.


 


From Enterprise-Only to Instant AccessVirtual cards once took
months to implement. Extend’s API-first approach makes them
deployable in minutes, bridging the gap between legacy banking
and modern finance.


 


MENTIONED IN THE CONVERSATION


 


Topics: Extend, American Express, AMEX, SAP,  fintech,
credit cards, spend management, virtual cards, B2B, API, banking
infrastructure, embedded payments


 


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Twitter: https://twitter.com/LexSokolin


 


TIMESTAMPS


 


1’10: From Green Screens to the Cloud: How Early Tech Shaped
Andrew Jamison’s Approach to Business and Automation


 


5’12: Scaling Amex: Expanding Beyond Travel to B2B Payments and
Virtual Cards


 


10’27: Virtual Cards in Travel: Solving Payments but Struggling
with Scale


 


15’19: Virtual Cards and On-Demand Growth: How APIs Unlocked a
New Payments Model


 


19’17: From Amex to Extend: Reinventing Virtual Cards for
Everyday Business


 


26’00: Scaling Smart Payments: How Extend is Reshaping B2B Credit
Cards


 


29’33: Rethinking Spend Management: How Extend Partners with
Banks Instead of Replacing Them


 


31’47: Built for CFOs: How Extend Streamlines Payments and
Expense Management


 


35’08: The Future of Finance: How Embedded Payments and APIs Are
Reshaping the CFO’s Role


 


40’34: The channels used to connect with Andrew & learn more
about Extend


Disclaimer here — this newsletter does not provide investment
advice and represents solely the views and opinions of FINTECH
BLUEPRINT LTD.


Contributors: Lex, Laurence, Matt, Farhad, Mike, Daniella


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