Candex: Funding, Investors & Team (Oct 2026)
Candex is a fintech company that helps large organizations streamline their purchasing processes. They enable these organizations to buy from occasional, irregular, and low-risk suppliers using their existing P2P (Procure-to-Pay) procedures. Candex operates globally and takes care of the setup, support, and management of the complex tax and regulatory requirements. This makes it easy, quick, and compliant to pay suppliers, even when dealing with different countries and currencies. Candex offers various methods for integration, including working within existing e-procurement systems, bulk uploads, or integration through APIs. Ultimately, Candex effectively manages the payment process for 70-80% of vendors, who make up 3-5% of the overall spending, ensuring that payments are only made for approved purchase orders. The efficiency provided by Candex is so significant that it brings a sense of tranquility to the procurement process for our clients.
Candex has raised $72.0M across 3 funding rounds on record, the most recent a Series C of $7.0M announced in Mar 2026.
That round is below the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Candex Company Profile and Key Stats
Latest funding round on record: Mar 2026.
Candex Funding Rounds
Candex raised $20.0M in a Series A announced in Apr 2021.
2.6 years later, a Series B of $45.0M was announced in Nov 2023.
2.3 years later, a Series C of $7.0M was announced in Mar 2026.
Candex Founders and Leadership Team
Contact details for the Candex team: 1 of 1 has an email address on file.
Start 14-day free trial →Candex Funding Compared to Other Financial Services Startups
Candex's latest round of $7.0M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Candex Funding FAQs
What does Candex do?
Candex is a fintech company that helps large organizations streamline their purchasing processes. They enable these organizations to buy from occasional, irregular, and low-risk suppliers using their existing P2P (Procure-to-Pay) procedures. Candex operates globally and takes care of the setup, support, and management of the complex tax and regulatory requirements. This makes it easy, quick, and compliant to pay suppliers, even when dealing with different countries and currencies. Candex offers various methods for integration, including working within existing e-procurement systems, bulk uploads, or integration through APIs. Ultimately, Candex effectively manages the payment process for 70-80% of vendors, who make up 3-5% of the overall spending, ensuring that payments are only made for approved purchase orders. The efficiency provided by Candex is so significant that it brings a sense of tranquility to the procurement process for our clients.
How much funding has Candex raised?
Candex has raised $72.0M across 3 rounds on record. The most recent is a Series C of $7.0M announced in Mar 2026.
When did Candex last raise funding?
Candex's most recent funding round on record is a Series C of $7.0M, announced in Mar 2026.
Who is the CEO of Candex?
Jeremy Lappin is listed as CEO at Candex.
Where is Candex headquartered?
Candex is based in San Francisco, California, United States.
How many employees does Candex have?
Candex is in the 101-250 employee band.
How does Candex's funding compare to other Financial Services startups?
Candex's latest round of $7.0M is below the $15M median round size for Financial Services companies on FundedIQ across 5,751 tracked companies over the last two years.
About FundedIQ's Candex Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Candex is left off this page rather than filled in.
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