Vendor-of-record payments platform for enterprise tail spend
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.
Fintech📍 New York, NYFounded 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.
How much has Candex raised?
Candex has raised $110M in total, most recently a Series C of $45M in Jan 2024.
Is Candex publicly traded — can you buy Candex stock?
No. Candex is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Candex on its Pre-IPO Access Desk.
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.
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 9mo ago
privateTotal raised $110M
Secondary Market
Implied price / share
$60
Secondary price return by period
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
Round
Amount
Date
Lead Investor
Post-Money
Series C
$45M
Jan 2024
JP Morgan
—
Talent Signal
Hiring trend
▶ Hiring steady
+6% vs 2026-08
Open roles
17
via ashby
Product-build share
35%
engineering, research, product, design
Trajectory
steady
balanced build + GTM — 35% builders vs 65% go-to-market/G&A — scaling both sides.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Senior Full Stack DeveloperFull Stack DeveloperIT Support EngineerSenior Product ManagerProduct ManagerIT Support Engineer
Counted from Candex's live job board as of 2026-09-14; 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.