New updates have been reported about Candex.
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Candex has expanded its Series C round to more than $40 million through a strategic investment from HSBC, bringing total capital raised to over $120 million and reinforcing its position in enterprise tail-spend management. The funding will be used to further automate high-volume, small-value supplier payments and strengthen Candex’s role as a technology-based master vendor, centralizing onboarding and payments for thousands of small suppliers across currencies and jurisdictions.
HSBC, already a global customer of Candex, is deepening the relationship as both investor and strategic partner, using the platform to streamline its own vendor onboarding and payments, which it describes as a differentiated solution for complex, multinational procurement environments. Operating in more than 50 countries and processing well over $1 billion in vendor payments in 2025, Candex plans to deploy the new capital to upgrade global infrastructure, expand in Asia, and enhance capabilities for managing regulatory, tax, and compliance requirements at scale for Global 2000 clients such as Diageo, Danone, Roche, and Sanofi.