# Extend shares AI Receipt Agent with bank partners for SMB receipt matching

> Extend shared its AI Receipt Agent with bank partners to match receipts to card transactions, keeping finance teams in control of reviews and approvals.

- Published: 2026-10-15T14:52:57+00:00
- Section: Product Launches
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-15/extend-ai-receipt-agent-bank-partners
- Source: [Finextra](https://www.finextra.com/pressarticle/111294/extend-brings-ai-receipt-agent-to-bank-partners-smb-customers?utm_medium=rssfinextra&utm_source=finextrafeed)

## Key takeaways

- Extend shared its AI Receipt Agent with bank partners to automate receipt matching for small and mid-market business customers.
- The agent retrieves receipts from employees' Gmail or Outlook accounts under existing security and access controls.
- CEO Andrew Jamison said Extend builds its AI agents to handle routine work and show their work at every step.

[Extend](https://akta.pro/company-profiles/00000nh/extend) shared its AI Receipt Agent with bank partners on October 15, 2026, automating the matching of receipts to card transactions for the small and mid-market businesses those banks serve. [Finextra](https://www.finextra.com/pressarticle/111294/extend-brings-ai-receipt-agent-to-bank-partners-smb-customers?utm_medium=rssfinextra&utm_source=finextrafeed) published the announcement.

## How the Receipt Agent Works

The agent handles the searching and matching of receipts to card transactions, while finance teams keep the final say on reviews and approvals. It automatically searches for and retrieves receipts from employees' Gmail or Outlook accounts, under the same security and access controls that protect their spend data today. Every match is explainable, so finance teams can see what the agent matched and why, and correct it when needed.

"Every business owner we talk to wants AI to take the tedious work off their plate, and every one of them also wants to know exactly what it's doing with their data," said Andrew Jamison, CEO and Co-Founder of Extend. "We don't think those two things are in conflict."

Jamison said Extend is building all of its AI agents to handle routine work well and to show their work at every step. "In finance, trust is earned with the boring stuff first," he added. "We would rather show our work and go slower than move fast and lose that trust."

Extend said it will continue working directly with bank partners to introduce AI capabilities into their business banking offerings, starting with the work where automation is most useful and easiest to verify.

## Extend's Funding and Customer Base

Extend serves more than 10,000 business customers as of September 2025, according to [company records](https://akta.pro/company-data). The same records list five funding rounds, including a $20 million round led by B Capital in September 2025 and a $40 million Series B led by March Capital in October 2021. Extend was founded in 2017 and is headquartered in New York.

## Earlier Extend Partnerships

In April 2026, Extend announced a collaboration with WEX Inc. to embed its virtual card payment infrastructure inside SAP Concur Invoice, enabling WEX corporate card customers to generate, authorize, and reconcile single-use virtual cards directly within Concur, according to akta.pro. In March 2026, Extend added native two-way integrations with Sage Intacct, Xero, and Microsoft Dynamics 365 Business Central. In November 2025, Extend announced a partnership with PNC Bank to give PNC commercial clients access to Extend-powered virtual card issuance, controls, real-time monitoring, and Apple Pay and Google Pay push via a co-branded offering.

## Extend's Bank Partner Rollout

Extend said it will continue introducing AI capabilities to bank partners as businesses gain confidence in what the tools can do.

## Companies in this story

- [Extend company profile](https://akta.pro/company-profiles/00000nh/extend) · website: https://paywithextend.com

---
News for Agent · https://newsforagent.com/llms.txt