Candex
Candex operates as a global fintech master vendor, providing a platform for engaging, tracking, and paying for goods and services across over 50 countries, with a focus on compliance and secure transactions.
About Candex
Candex operates as a fintech master vendor, providing a comprehensive platform to engage, track, and pay for goods and services. The company supports operations in over 50 countries and ensures compliance with GDPR, FINRA, and HIPAA regulations. The secure cloud architecture and encrypted payment transfers make it a reliable choice for businesses worldwide. Headquartered in New York, Candex also has offices in London, Singapore, and an R&D center in Israel. The company has raised over $85 million in funding from high-profile investors such as Goldman Sachs, JP Morgan, and American Express.
Services Offered by Candex
Candex offers a versatile platform designed to streamline the process of engaging, tracking, and paying for goods and services. The platform integrates seamlessly with popular eProcurement systems using a punchout methodology. Key features include support for unlimited users, categories, and countries as well as collaboration tools, file storage, and custom reporting capabilities. All transaction fees are transparent and comparable to those of credit card transactions. The service ensures high compliance standards and secure transactions across a wide range of business needs.
Global Platform Availability
The Candex platform is available globally, operating in over 50 countries. It is accessible through native applications on iOS, Android, Windows, and Mac, allowing for broad accessibility and ease of use across different devices and operating systems. This global reach ensures that businesses can manage their procurement processes effectively regardless of where they are located.
Technology and Security
Candex prioritizes security and compliance, featuring secure cloud architecture and encrypted payment transfers. The platform adheres to regulations such as GDPR, FINRA, and HIPAA, ensuring that all data and transactions are handled with the highest standards of security and privacy. Features like file storage and custom reporting are securely integrated into the platform, providing a safe and compliant environment for users.
Candex Funding and Investment
Candex has attracted substantial investment, raising over $85 million in funding. Notable investors include Goldman Sachs, JP Morgan, and American Express. This financial backing has been pivotal in supporting Candex's global expansion, technological advancement, and continuous improvement of its platform. The strong investor portfolio underscores the confidence in Candex's business model and future growth potential.