Company Overview
Snapshot
Founded in November 2009 by Jeremy Lappin and Shani Vaza-Wahrmann, Candex Technologies operates with 201–500 employees. The company has raised $81.5M across 3 funding rounds from 15 investors, with its July 2025 funding round being the most recent.
Business overview
Candex Technologies is a fintech company that streamlines financial processes for large organizations. Its core product facilitates purchases from one-time, irregular, and low-risk suppliers by integrating with existing Procure-to-Pay (P2P) frameworks. The platform manages setup, support, tax, and regulatory requirements globally, ensuring compliant and efficient supplier payments across borders and currencies. Candex serves enterprise clients by enabling "No PO, No Pay" policies and operates within the Fintech & Insurtech and Business Software sectors.
Strategic signal
In July 2025, Candex Technologies secured $33 million to expand its global procurement platform, indicating strong investor confidence in its ability to scale operations and enhance its market presence. This capital infusion, led by 9Yards Capital, suggests a strategic push towards broader adoption and further development of its fintech solutions for enterprise procurement.
Log in to access full profile ›Company Intelligence Q&A
- What was Candex Technologies' most recent funding round?
- In July 2025, Candex Technologies raised $33 million to expand its global procurement platform. The round saw participation from investors including 9Yards Capital and Edenred Capital Partners.
- Who founded Candex Technologies?
- Candex Technologies was founded by Jeremy Lappin and Shani Vaza-Wahrmann.
- What is Candex Technologies' primary focus?
- Candex Technologies specializes in consolidating financial processes for large organizations, particularly in managing payments to one-time, irregular, and low-risk suppliers within Procure-to-Pay (P2P) systems.
- When did Candex Technologies secure its Series B funding?
- In November 2023, Candex Technologies secured its Series B funding round. Goldman Sachs Bank USA led the round.
- What is the total capital raised by Candex Technologies?
- Candex Technologies has raised a total of $81.5 million across 3 funding rounds.