About Candex
Candex is a company based in San Francisco (United States) founded in 2011 by Shani Vaza-Wahrmann.. Candex has raised $113.5 million across 5 funding rounds from investors including American Express, Goldman Sachs and J P Morgan. Candex offers products and services including Candex Platform. Candex operates in a competitive market with competitors including LiquidX, LSQ, Nvoicepay, Shengye Capital and Kountable, among others.
- Headquarter San Francisco, United States
- Founders Shani Vaza-Wahrmann
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$113.5 M (USD)
in 5 rounds
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Latest Funding Round
$33 M (USD), Series C
Jul 15, 2025
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Investors
American Express
& 16 more
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Employee Count
Employee Count
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Products & Services of Candex
Candex offers a comprehensive portfolio of products and services, including Candex Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for engaging, tracking, and paying vendors compliantly
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Funding Insights of Candex
Candex has successfully raised a total of $113.5M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $33 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $33.0M
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First Round
First Round
(23 Mar 2018)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series C - Candex | Valuation | 9yards Capital | |
| Dec, 2023 | Amount | Series B - Candex | Valuation | Goldman Sachs | |
| Nov, 2022 | Amount | Series A - Candex | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Candex
Candex has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include American Express, Goldman Sachs and J P Morgan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on SaaS, mobile tech, AI, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm offering funding and tools for startups in technology and investment sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Candex
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Candex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Candex Comparisons
Competitors of Candex
Candex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LiquidX, LSQ, Nvoicepay, Shengye Capital and Kountable, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of a blockchain-enabled marketplace for trade finance assets and supply chain financing
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| domain | founded_year | HQ Location |
Trade financing loans are facilitated via an online marketplace.
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| domain | founded_year | HQ Location |
AP automation, commercial cards, and cross-border payments are provided.
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| domain | founded_year | HQ Location |
Supply chain financing is facilitated through an online marketplace platform.
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| domain | founded_year | HQ Location |
Online trade financing is provided to SMEs in developing countries.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Candex
Frequently Asked Questions about Candex
When was Candex founded?
Candex was founded in 2011 and raised its 1st funding round 7 years after it was founded.
Where is Candex located?
Candex is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Candex a funded company?
Candex is a funded company, having raised a total of $113.5M across 5 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Mar 23, 2018.
What does Candex do?
Candex was founded in 2011 in San Francisco, United States, as an online platform in the fintech sector focused on invoice financing. Invoices from businesses are purchased to advance funds promptly. Payments between companies and vendors are facilitated through the system. Tools for employee management and expense tracking are provided to aid decision-making. Subsidiary operations are supported, with local invoicing enabled in multiple international markets.
What products or services does Candex offer?
Candex offers Candex Platform.
Who are Candex's investors?
Candex has 17 investors. Key investors include American Express, Goldman Sachs, J P Morgan, Partech Partners, and World Innovation Lab.
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