Candex Technologies

Candex Technologies Overview

Candex is a fintech company specializing in the consolidation of financial processes for large organizations. Its product focuses on facilitating purchases from one-time, irregular, and low-risk suppliers within existing Procure-to-Pay (P2P) frameworks. Candex operates globally, managing the complexities of setup, support, tax, and regulatory requirements. This ensures a simple, fast, and compliant process for paying suppliers, even across borders and currencies. Available through various delivery methods, Candex seamlessly integrates with existing e-procurement systems, supports bulk uploads, and can be incorporated into workflows via API integration. The platform efficiently handles the payment processes for 70-80% of vendors responsible for 3-5% of the overall spend. It enables the realization of "No PO, No Pay" policies, ensuring that payments are contingent upon proper purchase orders. The efficiency achieved by Candex contributes to a streamlined procurement process, providing clients with a notable level of efficiency and control.

Cumulative Funding Raised Over Time ($)

Latest News

Jul 15, 2025 · itbrief.co.nz

growth-positive

Candex raises USD $33 million to expand global procurement platform

Candex has successfully completed a Series C funding round, raising $33 million to enhance its global procurement platform and vendor management solutions for large enterprises. The round was led by 9Yards Capital, with participation from Hedosophia and other existing investors. This investment increases Candexs total capital raised to over $115 million and will support international expansion, product development, and customer acquisition. Candexs platform, operational in over 40 countries, serves more than 140 enterprise customers and is expected to process over $1 billion in spend this year. The funding reflects market confidence in Candexs ability to address procurement inefficiencies and manage tail spend effectively.

InvestmentCustomersExpand

Nov 29, 2023 · www.finsmes.com

growth-positive

Candex Raises $45M in Series B Funding

Candex, a NYC-based vendor management and tail spend solutions provider, has raised $45M in a Series B funding round. The round was led by Growth Equity at Goldman Sachs Asset Management and new investor WiL (World Innovation Lab), along with existing investors Altos, NFX, Craft, JP Morgan, American Express and Edenred. The funding will be used to expand into new markets. Candexs platform simplifies vendor management and payment across 42 countries, helping businesses save time and money while improving their vendor relationships.

InvestmentExpand

Mar 24, 2018 · www.globes.co.il

growth-positive

Fintech startup Candex raises $3.5m

Fintech company Candex has raised $3.5 million in a seed funding round to expand its business with Fortune 500 and smaller companies. The funding round included participation from Edenred Capital Partners, Partech Ventures, Advisors.Fund, Camp One Ventures, NFX, Tekton Ventures, Big Sur Ventures and fintech angel Mark Goines. Candex offers a platform for companies to engage, track and pay small suppliers, leveraging a private blockchain to ensure compliance and streamline financial system records.

InvestmentExpand

Funding

Team Members

2

Employees: 201-500

Web & Social Links

Locations

Derech Menachem Begin 7, Tel Aviv-Yafo, Israel

420 Lexington Avenue, New York, NY, USA

2650 18th Street, San Francisco, CA, USA

152 City Road, London, UK

200 Jalan Sultan, Singapore

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Candex Technologies Internal

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