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Candex raises $7m in Series C funding

New York City based vendor payment and onboarding platform raised $7m in Series C funding led by HSBC.

"Candex essentially acts as a tech-based master vendor. A large company sets Candex up in its system once and when it wants to make a purchase from a small supplier, it pays Candex, which then handles the compliance, tax and payment delivery to the actual supplier."

Tags

payments, banking