Spotlight

Candex was founded in 2011 by Jeremy Lappin and Shani Vaza to solve the tail spend problem. Their technology removes thousands of vendor records from financial systems while delivering control, speed, tax compliance, and visibility.

When BT Sourced’s procurement team took a closer look at tail spend, they found an ideal partner in Candex, aligned in their focus on simplicity and speed. Together, they’ve made buying, paying, and partnering smoother and more efficient, replacing complexity.

Jeremy Lappin, CEO and Co-founder at Candex, and Armin Ploetz, Chief Procurement Officer at Hitachi Energy, talk about the importance of their strategic partnership and leverage Candex’s ability to simplify and expedite the procurement of indirect materials & services.

A game-changer. That is how Candex is often described for the role it plays in spend management. Jeremy Lappin, CEO and Co-Founder of Candex, shares how his company is making procurement more efficient and user-friendly amid industry-wide transformation.

Candex exists to solve procurement’s oldest pain point – tail spend – by removing friction, simplifying compliance, and giving procurement leaders time to focus on what truly drives value.

Candex acts as a master vendor and payment hub for clients like L’Oréal, HSBC, and Colgate, eliminating costly supplier onboarding. Charging a 3% fee per transaction, it enables vendors in 46 countries to get paid within minutes.

Forbes’ tenth annual Fintech 50 list highlights businesses that continue to grow rapidly and adapt even as industry valuations and investment in private fintechs remain depressed.

Procurement pain points can halt business growth and improvement. Companies like Candex step in to simplify the process, turning complex challenges into effortless solutions.

In 2024, Candex was named one of Procurement Magazine’s Top 150 Companies in Procurement.

Janina Insua currently serves as Senior Vice President at Candex – a technology based tail spend solution helping large companies engage and pay small and one time vendors in a quick and compliant manner.