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Candex

Vendor-of-record payments platform for enterprise tail spend
Fintech 📍 New York, NY Founded 2018
Current Valuation
Private
PRIVATE

IPO Outlookprivate

Is Candex going public?
No. Candex is private and has not filed to go public. There is no S-1 on file.
What is Candex's valuation in 2026?
No confirmed valuation is on record for Candex. The roster shows funding and investors where they are public; it does not estimate a mark.
Has Candex filed an S-1?
No public S-1 is on file for Candex.
Who are Candex's investors?
Candex's investors include JP Morgan, American Express Ventures, Goldman Sachs, Altos Ventures, Craft Ventures.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Candex acts as a single master vendor that large enterprises can use to engage and pay the 70-80% of suppliers who account for only 3-5% of total spend — a long tail where onboarding cost typically exceeds invoice value. By taking on KYC, compliance, and cross-border payment rails on behalf of buyers, Candex eliminates the 'No PO, No Pay' friction that frustrates ad-hoc and one-time vendor relationships. The company raised a $45M Series C led by JP Morgan in early 2024.

Company Profile

CEO
Igor Itskovich
Founded
2018
HQ
New York, NY
Employees
~150
Total Raised
$110M
Growth
Series C growth-stage
Last Round
Series C — $45M (Jan 2024) · Lead: JP Morgan
IPO Status
private

Fundraising Status

Series C · $45M · 2y 7mo ago
privateTotal raised $110M

Secondary Market

Implied price / share
$60
Secondary price return by period
Secondary market period returns3-month0.0%6-month0.0%1-year0.0%All-time0.0%
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →

Latest Funding Round

RoundAmountDateLead InvestorPost-Money
Series C$45MJan 2024JP Morgan—

Talent Signal

Hiring trend
● First snapshot
trend accrues with monthly sweeps
Open roles
16
via ashby
Product-build share
31%
engineering, research, product, design
Trajectory
steady
balanced build + GTM — 31% builders vs 69% go-to-market/G&A — scaling both sides.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by month16Aug '26
Open roles by function
Open roles by functionEngineering3Sales & GTM3Other3Finance & Strategy2Product2Support2Ops & People1
■ product-building   ■ go-to-market / G&A
Senior Full Stack DeveloperFull Stack DeveloperIT Support EngineerSenior Product ManagerProduct ManagerJoin Our Talent Pool
Counted from Candex's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.

Founders & Key People

Igor ItskovichBrian Greenberg

Investors

JP Morgan · American Express Ventures · Goldman Sachs · Altos Ventures · Craft Ventures

Products

  • Master vendor service
  • Tail-spend management
  • Cross-border B2B payments
  • Compliance and KYC
  • Procurement integrations

Competitors

Tipalti · Coupa · Stampli · Bill.com
B2B PaymentsFintechProcurementEnterprise
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of recent date. Refreshed quarterly.