Candex
Company

Last deal

$45.M

Amount

Series B

Stage

28.11.2023

Date

8

all rounds

$82.M

Total amount

General

About Company
Candex manages payments between companies and vendors using blockchain technology.

Industry

Sector :

Subsector :

Also Known As

Candex

founded date

01.01.2011

Number of employees

Company Type

For Profit

Last funding type

Series B

IPO status

Private

Description

The enterprise payment processing platform acts as the master vendor for small suppliers, allowing large companies to pay directly and then remit payments to the suppliers, streamlining business operations and reducing friction. Candex is a fintech consolidator for large organizations, managing setup, support, tax and regulatory complexity globally, making it simple, fast, and compliant to pay suppliers even across borders and cross currencies. The platform is available in multiple deliveries, working directly within existing e-procurement systems, via bulk uploads, or integrated into any workflow via API. Candex completely takes care of the 70-80% of vendors getting 3-5% of spend, ensuring that "No PO, No Pay" becomes achievable, and the efficiency is remarkable, leading to a procurement zen for clients.
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