Candex
Candex is a master-vendor fintech platform that lets large enterprises onboard, track, and pay small and one-time vendors without setting them up in the buyer's vendor master. It serves Fortune 500 procurement and finance teams across more than 50 countries via pre-built punchout integrations with all major eProcurement suites.
- Company typePrivate
- Founded2011
- HeadquartersNew York, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Candex does
Candex is a fintech platform that operates as a master vendor on behalf of large enterprises, enabling them to engage, track, and pay small and one-time vendors without requiring those vendors to be onboarded into the enterprise's vendor master. Founded in 2011 by Jeremy Lappin and Shani Vaza-Wahrmann, the company is headquartered in New York and serves customers across more than 50 countries through offices in London, Singapore, Israel, Tokyo, Miami, and Toronto. The platform embeds directly into the customer's eProcurement suite via pre-built punchout integrations with Ariba, Coupa, SAP, Workday, Oracle, NetSuite, Basware, Ivalua, Jaggaer, and Microsoft D365, allowing enterprise users to trigger a vendor payment without leaving their existing procurement workflow.
Candex firmographics
Firmographics- Name
- Candex
- Legal name
- Candex Solutions, Inc.
- Website
- https://candex.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Candex is a master-vendor fintech platform that lets large enterprises onboard, track, and pay small and one-time vendors without setting them up in the buyer's vendor master. It serves Fortune 500 procurement and finance teams across more than 50 countries via pre-built punchout integrations with all major eProcurement suites.
- Ownership category
- akta.pro rank
Where Candex is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices11 records
Markets served
Candex business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction Fees / Master Vendor Commission: Candex charges a standard Service Fee per transaction, usually around 3%, applied either as a markup on purchased goods/services or as a separate transaction fee. Fee is clearly labeled when accepting an order; managed deployments and custom integrations may carry additional fees.
- Markup on Resold Goods and Services: Where Candex operates as reseller or commissionaire, the Service Fee is built into the cost of goods/services for which Candex invoices Buyers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard commission ~3% per transaction (visible on each engagement) |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Candex product offering
Product offeringCore offering
Candex operates a technology-based master-vendor platform that sits between large corporate buyers and small or one-time suppliers, enabling enterprises to engage, track, and pay vendors for any good or service without requiring vendor setup in the buyer's financial systems. The platform accepts purchase orders from buyers, verifies seller invoices, runs compliance scans, and remits payment to sellers within three business days of receiving buyer funds, operating across 50+ countries via punchout integrations with all major eProcurement suites.
Product overview
Candex is delivered as a single unified platform-plus-modules architecture: a central Candex Platform that exposes two primary user experiences — Candex for Buyers (the enterprise procurement side, which punchouts out from existing eProcurement tools such as Ariba, Coupa, SAP, Workday, Jaggaer, Basware, Oracle, PeopleSoft, JD Edwards, GEP, Tradeshift, and Zycus) and Candex for Sellers (the small-vendor side that accepts orders and submits invoices) — joined by the Candex Purchase-to-Payment Flow described on the How It Works page. Native iOS, Android, Windows, and Mac apps extend the platform to mobile and desktop users, while compliance screening against sanctions, watchlist, PEP, and banking/tax databases is embedded across both buyer and seller flows.
Differentiator
Problem solved
Functional benefit
Products and services
- Candex Platform Technology-based fintech master-vendor platform that enables large enterprises to engage, track, and pay small or one-time vendors efficiently. Acts as an intermediary between corporate buyers and high-volume, low-value suppliers, automating tail-spend procurement across 50+ countries via punchout integration with major eProcurement systems, automated compliance scanning, and jurisdiction-specific tax handling.
Companies that use Candex
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
Candex technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
AI capability5 records
Feature6 records
Candex partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- SAP (Ariba)corePre-built punchout integration between Candex and SAP Ariba, allowing buyers to route tail-spend purchases through their existing SAP Ariba procurement workflow.
- CoupacorePre-built punchout integration between Candex and Coupa, enabling buyers using Coupa to source tail-spend vendors through Candex.
- OraclecorePunchout integration between Candex and Oracle procurement systems, allowing tail-spend purchases to flow through Oracle-based approval workflows.
- WorkdaycorePunchout integration between Candex and Workday procurement, allowing employees to initiate tail-spend orders via Candex punchout from Workday.
- BaswarecorePunchout integration enabling Basware-based procurement teams to use Candex for tail-spend vendor management.
- GEPcorePunchout integration enabling GEP procurement teams to channel tail-spend through Candex.
- JaggaercorePunchout integration between Candex and Jaggaer (formerly SciQuest) allowing Jaggaer buyers to manage tail-spend via Candex.
Scale indicators7 records
Recent moves7 records
Expansion highlights4 records
Candex competitors and assessment
Company assessmentDirect peers
- Tipalti: Tipalti is a B2B AP automation and global vendor payments platform serving mid-market and enterprise customers with cross-border payouts, tax form management, and compliance — directly comparable to Candex's master-vendor model for engaging and paying international suppliers.
- AvidXchange: AvidXchange automates accounts payable and vendor payments for mid-market and enterprise organizations, with a marketplace connecting buyers and suppliers — overlapping with Candex's tail-spend vendor onboarding and payment flow.
- Bill.com: Bill.com provides B2B payments, AP/AR automation, and corporate spend management for SMBs and the financial institutions that serve them — comparable in targeting the buyer-supplier payment workflow that Candex addresses for tail spend.
- Stampli: Stampli is an AI-powered AP automation platform with invoice processing, vendor management, and payment workflows for mid-market and enterprise — comparable to Candex's invoice verification and master-vendor payment flow.
- Airbase: Airbase combines corporate cards, AP automation, and vendor payments into a unified spend management platform — comparable to Candex on the vendor payment side and overlapping on PO-based approval workflows for non-strategic spend.
Broad incumbents
- Ramp: Ramp is a fast-scaling corporate card and spend management platform with bill pay and vendor payment features. While broader than Candex's tail-spend focus, Ramp's bill pay and vendor payment capabilities increasingly compete for the same enterprise buyer wallet.
- Brex: Brex provides corporate cards, expense management, and bill pay for startups and enterprises — overlapping with Candex on vendor payment flows and competing for the same procurement/finance buyer relationships at large organizations.
- SAP Ariba: SAP Ariba is the dominant enterprise procurement suite, into which Candex punchout-integrates. Ariba's existing supplier management and invoice capabilities represent both Candex's primary distribution channel and its largest competitive threat if SAP builds a native tail-spend module.
- Coupa Software: Coupa is a major enterprise spend management platform with procurement, invoicing, and payment capabilities. Like Ariba, Coupa is both a Candex punchout partner and a potential long-term competitive incumbent for tail-spend workflows.
Emerging players
- Procurify: Procurify is a mid-market procurement and AP automation platform with purchasing, approval workflows, and vendor management — comparable to Candex's procurement control layer but more focused on SMB/mid-market rather than large multinational tail spend.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Candex social profiles
Digital presenceCandex compliance and trust
Trust signalCompliance4 records
Candex financial estimates
Financial estimateRevenue estimate
Valuation estimate
Candex leadership team
Management profileNumber of profiles
Profiles4 records
Candex funding detail
Funding detailFunding overview
Funding rounds9 records
Investors22 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Candex M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Candex
What does Candex do?
Candex operates a technology-based master-vendor platform that sits between large corporate buyers and small or one-time suppliers, enabling enterprises to engage, track, and pay vendors for any good or service without requiring vendor setup in the buyer's financial systems. The platform accepts purchase orders from buyers, verifies seller invoices, runs compliance scans, and remits payment to sellers within three business days of receiving buyer funds, operating across 50+ countries via punchout integrations with all major eProcurement suites.
Is Candex a public or private company?
Candex is a private company. It is classified as venture growth investor backed and is currently operating.
When was Candex founded?
Candex was founded in 2011. It employs 101 to 250 people.
Where is Candex based?
Candex is headquartered in New York, United States, in the North America region.
How does Candex make money?
Two revenue lines are on record. Transaction Fees / Master Vendor Commission is the primary driver. The others are markup on Resold Goods and Services.
Who are Candex's main competitors?
Direct peers on record are Tipalti, AvidXchange, Bill.com, Stampli and Airbase. Broad incumbents are Ramp, Brex, SAP Ariba and Coupa Software. Procurify is listed as an emerging player.
Does Candex have an API?
No public API is recorded for Candex.