US EditionExclusive: Candex Extends Series C To $40M+ To Help Enterprises Easily Onboard Global Vendors
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Exclusive: Candex Extends Series C To $40M+ To Help Enterprises Easily Onboard Global Vendors
New York-based Candex, a startup that helps large companies pay small, one-time, or irregular vendors without the administrative headache or risk that comes with onboarding them, has grown its July Series C raise to $40 million via a strategic investment from HSBC.
Candex extends Series C to $40m with HSBC investment
Candex, a vendor management and tail-spend solutions provider for global enterprises, has extended its Series C funding round to over $40m following a strategic investment from HSBC. The raise brings Candex’s total funding to over $120m, with HSBC joining an existing investor base that includes Goldman Sachs, Altos Ventures, 9Yards Capital, Hedosophia, NFX, Craft Ventures, World Innovation Labs, JPMorgan, and American Express. The investment is …
Candex closed an extension of its C Series that raised the round to more than $40 million, with HSBC as a new investor after years as a customer. Fintech seeks to solve one of the most complex points of global corporate spending: paying small or sporadic suppliers without adding administrative friction. *** Candex expanded its C Series from $33 million to more than $40 million with HSBC investment. The company exceeded $1 billion in payments in …
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