Candex Extends Series C to $40M+ to Replace Enterprise Vendor Onboarding Workflows with AI — Targeting Procurement SaaS
Crunchbase News·low signal
New York-based Candex raised a $40M+ extension on its Series C to help large enterprises pay and onboard one-time or irregular vendors without traditional procurement overhead. The platform replaces legacy procurement SaaS workflows with AI-powered processes that eliminate manual vendor verification, payment routing, and compliance documentation — a fintech/procurement play targeting the enterprise vendor management category where per-seat tools face AI displacement.