Candex
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 3.5m | 4.2m | 6.4m | 13.6m | 16.3m |
% growth | - | 20 % | 52 % | 113 % | 20 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
* | $3.5m | Seed | |
N/A | - | ||
N/A | $1.5m | Convertible | |
$20.0m | Series A | ||
* | $12.0m Valuation: $100m | Series A | |
* | $45.0m | Series B | |
Total Funding | AUD127m |
Recent News about Candex
EditCandex operates as a fintech master vendor, facilitating compliant trade and seamless payments for businesses globally. The platform allows companies to engage, collaborate, and exchange payments without the need for cumbersome vendor setups in each financial system. Candex serves both buyers and sellers by acting as an intermediary; buyers receive invoices from Candex, while sellers invoice Candex for their goods and services. This model accelerates business operations by eliminating the complexities of managing multiple trading partners, providing control, visibility, and compliance. Candex operates in over 50 countries and is trusted by global enterprises. The company generates revenue by charging fees for its vendor management and payment processing services.
Keywords: fintech, master vendor, compliant trade, seamless payments, vendor management, global operations, business acceleration, control, visibility, compliance.