Candex, a global payment processing platform that helps Fortune 2000 companies save millions of dollars by automating their exchange of orders, invoices and payments, today announced it has raised $20M as part of a series A, led by Altos Ventures and with participation from NFX, American Express Ventures, J.P. Morgan, Edenred Capital Partners, and Commerce Ventures. The company will utilize the funding to expand capabilities within its proprietary platform, which helps large companies streamline tail spend by centralizing small vendor payments and increasing control, speed, tax compliance and visibility.

Candex is a leading fintech player in the B2B payments market. Our solution is used by many of the largest companies in the world to consolidate large volumes of spend going to tens of thousands of their vendors in 50+ countries. The company is headquartered in Miami and Tel Aviv and has offices around the globe.