Fifth Third Bank has partnered with Brex to provide commercial cards and expense management tools for its business clients. This collaboration will utilize Brex's payments platform and AI technology to streamline expense reporting. The partnership reflects a trend of banks teaming up with fintech firms to meet modern tech demands.

Extend, a spend and expense management platform, has successfully raised $20 million in funding to enhance its growth and launch a paid SaaS offering. The investment round, featuring both debt and equity, was led by B Capital and will also aid in scaling issuer partnerships. With a focus on integrating technology for virtual cards and expense management, Extend aims to reshape the corporate card market while striving for profitability.