Candex

Candex is a fintech consolidator founded in 2011 and headquartered in the United States. The company's slogan, "Candex is your fintech master vendor to engage, track, and pay for any good or service - fast!", represents its core mission. Candex focuses on enabling large organizations to make purchases from one-time, irregular, and low-risk suppliers using existing P2P processes. The company's global operations efficiently manage setup, support, tax, and regulatory complexity, simplifying and accelerating cross-border and cross-currency supplier payments. Candex offers multiple delivery options, integrating seamlessly into existing e-procurement systems, bulk uploads, or any workflow via API. In November 28, 2023, Candex secured a significant Series B investment of $45.00M. The investment was led by reputable firms including American Express Ventures, Craft Ventures, Edenred Capital Partners, NFX, Altos Ventures, Goldman Sachs Asset Management, WiL (World Innovation Lab), and JP Morgan. Candex's capability to efficiently manage 70-80% of vendors accounting for 3-5% of spend, ensure the achievable "No PO, No Pay," and enhance operational efficiency has drawn noteworthy attention from investors, making it an exciting prospect for potential backers in the fintech and payments sectors.