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
- When was Candex Technologies founded?
- Candex Technologies was founded in November 2009.
- Who are the founders of Candex Technologies?
- Candex Technologies was founded by Jeremy Lappin and Shani Vaza-Wahrmann.
- What was Candex Technologies' most recent funding round?
- In July 2025, Candex Technologies raised $33 million to expand its global procurement platform. This round was led by 9Yards Capital and included participation from Edenred Capital Partners.
- How much capital has Candex Technologies raised in total?
- Candex Technologies has raised a total of $81.5 million across 3 funding rounds.
- What was the Series B funding round for Candex Technologies?
- In November 2023, Candex Technologies completed a Series B funding round. This round was led by Goldman Sachs Bank USA.