About
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.
Funding history · 3 rounds · $81.5M total
Company Intelligence Q&A
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- When was Candex Technologies founded?
- Candex Technologies was founded in November 2009.
- What is Candex Technologies' primary business focus?
- Candex Technologies is a fintech company specializing in consolidating financial processes for large organizations, particularly facilitating purchases from one-time, irregular, and low-risk suppliers within existing Procure-to-Pay (P2P) frameworks.
- Where is Candex Technologies headquartered?
- Candex Technologies is headquartered in Tel Aviv-Yafo, Israel.
- What was Candex Technologies' first funding round?
- In March 2018, Candex Technologies raised $3.5 million in a Seed round with investors including Partech and Mark Goines.
- When did Candex Technologies complete its Series B funding round?
- In November 2023, Candex Technologies completed a Series B funding round, raising $45 million from investors such as Goldman Sachs Bank USA and World Innovation Lab (WiL).
- What was Candex Technologies' most recent funding round?
- In July 2025, Candex Technologies raised $33 million in a Series C round, with 9Yards Capital as a lead investor.
- What is the total amount of funding Candex Technologies has raised to date?
- Candex Technologies has raised a total of $81.5 million across all funding rounds.
- How many employees does Candex Technologies currently have?
- Candex Technologies currently has between 201 and 500 employees.
- In which countries does Candex Technologies have offices?
- Candex Technologies has offices in Israel (Tel Aviv-Yafo), the United States (New York, San Francisco), the United Kingdom (London), and Singapore.