Insights

Strategic Investment Goldman Sachs invested $45M in Candex, signaling confidence in the company's future prospects and growth potential, presenting an opportunity for strategic partnerships or collaborations.

Expansion into Prop Rental Candex recently launched a special event prop rental service, showcasing their ability to diversify offerings and enter new markets, creating potential opportunities for cross-selling or upselling to current and new clients.

Key Personnel Addition Clare Greenan, a Goldman Sachs executive, joined Candex's Board of Directors, bringing valuable expertise and connections to the company, presenting opportunities for networking and leveraging her industry insights.

Series A2 Funding Craft led a $12 million Series A2 round in Candex, highlighting investor confidence in the company's growth trajectory, opening doors for partnerships, acquisitions, or new client engagements.

Tail Spend Management Leader Candex secured $45 million in Series B funding to solidify its leadership in tail spend management, positioning the company as a key player in the market and offering opportunities for differentiation and competitive advantage.

Candex Tech Stack

Candex uses 8 technology products and services including Salesforce, jQuery, Amazon Web Services, and more. Explore Candex's tech stack below.

  • Salesforce
    Customer Relationship Management
  • jQuery
    Javascript Libraries
  • Amazon Web Services
    Platform As A Service
  • Linux
    Programming Languages
  • Java
    Programming Languages
  • JavaScript
    Programming Languages
  • .NET
    Programming Languages
  • Imperva
    Security

Media & News

Candex's Email Address Formats

Candex uses at least 1 format(s):
Candex Email FormatsExamplePercentage
Last@candex.comDoe@candex.com
51%
First@candex.comJohn@candex.com
36%
FLast@candex.comJDoe@candex.com
9%
FirstLast@candex.comJohnDoe@candex.com
4%

Frequently Asked Questions

Where is Candex's headquarters located?

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Candex's main headquarters is located at 420 Lexington Ave New York 10170 New York, NY 10170 US. The company has employees across 4 continents, including North AmericaAsiaEurope.

What is Candex's official website and social media links?

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Candex's official website is candex.com and has social profiles on LinkedIn.

How much revenue does Candex generate?

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As of January 2025, Candex's annual revenue reached $15M.

What is Candex's SIC code NAICS code?

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Candex's SIC code is 5063 - Electrical Apparatus and Equipment Wiring Supplies, and Construction Materials NAICS code is 335110 - Electric Lamp Bulb and Part Manufacturing.

How many employees does Candex have currently?

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As of January 2025, Candex has approximately 186 employees across 4 continents, including North AmericaAsiaEurope. Key team members include Chief Customer Officer: D. M.Chief Information Security Officer (ciso): O. P.Chief R&d Officer, Co-Founder: S. V.. Explore Candex's employee directory with LeadIQ.

What industry does Candex belong to?

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Candex operates in the Software Development industry.

What technology does Candex use?

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Candex's tech stack includes SalesforcejQueryAmazon Web ServicesLinuxJavaJavaScript.NETImperva.

What is Candex's email format?

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Candex's email format typically follows the pattern of . Find more Candex email formats with LeadIQ.

How much funding has Candex raised to date?

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As of January 2025, Candex has raised $45M in funding. The last funding round occurred on Nov 28, 2023 for $45M.

When was Candex founded?

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Candex was founded in 2016.
Candex

Candex

Software DevelopmentNew York, United States51-200 Employees

Candex is a fintech consolidator for large organizations so that they can make purchases from one-time, irregular and low risk suppliers using existing P2P processes. Candex operates globally managing setup, support, tax and regulatory complexity - making it simple, fast, and compliant to pay suppliers even across borders and cross currencies. Available in multiple deliveries, Candex works directly within existing e-procurement systems, via bulk uploads, or integrated into any workflow via API. In the end - Candex completely takes care of the 70-80% of vendors getting 3-5% of spend; ensures that "No PO, No Pay" becomes achievable; and the efficiency is so remarkable that our clients enter a sort of procurement zen.

Section iconCompany Overview

Headquarters
420 Lexington Ave New York 10170 New York, NY 10170 US
Website
candex.com
SIC Code
5063 - Electrical Apparatus and Equipment Wiring Supplies, and Construction Materials
NAICS Code
335110 - Electric Lamp Bulb and Part Manufacturing
Founded
2016
Employees
51-200

Section iconFunding & Financials

  • $45M

    Candex has raised a total of $45M of funding over 7 rounds. Their latest funding round was raised on Nov 28, 2023 in the amount of $45M.

  • $10M$50M

    Candex's revenue is in the range of $10M$50M

Section iconFunding & Financials

  • $45M

    Candex has raised a total of $45M of funding over 7 rounds. Their latest funding round was raised on Nov 28, 2023 in the amount of $45M.

  • $10M$50M

    Candex's revenue is in the range of $10M$50M

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