Candex Technologies

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 a total of $81.5M across 3 funding rounds from 15 investors. In July 2025, Candex Technologies secured $33 million to expand its global procurement platform.

Business overview

Candex Technologies is a fintech company that specializes in streamlining financial processes for large organizations. Its core product facilitates 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 to ensure a simple, fast, and compliant process for paying suppliers across borders and currencies. The platform integrates with existing e-procurement systems, supports bulk uploads, and can be incorporated via API, enabling clients to achieve a streamlined procurement process and enforce "No PO, No Pay" policies.

Strategic signal

In July 2025, Candex Technologies raised $33 million, a significant capital infusion aimed at expanding its global procurement platform. This funding signals strong investor confidence in Candex's ability to scale its fintech solutions internationally and further penetrate the enterprise market for streamlined vendor payments and procurement.

Company Intelligence Q&A

When was Candex Technologies founded?

Candex Technologies was founded in November 2009 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 saw participation from investors including 9Yards Capital and Edenred Capital Partners.

What was Candex Technologies' Series B funding round?

In November 2023, Candex Technologies secured a Series B funding round. Goldman Sachs Bank USA was a lead investor in this round, which also included participation from World Innovation Lab (WiL).

How many employees does Candex Technologies have?

Candex Technologies has 201–500 employees.

What is Candex Technologies' primary focus?

Candex Technologies focuses on consolidating financial processes for large organizations, particularly by facilitating purchases from one-time, irregular, and low-risk suppliers within existing Procure-to-Pay (P2P) frameworks.