Candex, a San Francisco, CA-based fintech startup, raised $3.5m in seed funding.
Backers included Edenred Capital Partners, Partech Ventures, Advisors.Fund, Camp One Ventures, NFX, Tekton Ventures, Big Sur Ventures and fintech angel Mark Goines.
The company will use the funds to accelerate its business in Fortune 500 customers and beyond.
Led by co-founder and CEO Jeremy Lappin, Candex provides a platform that allows enterprise users to engage with freelancers, gig economy participants and other vendors. They use a desktop or mobile app to collaborate, chat and send payments – and a private blockchain ensures compliance and streamlined records.
Candex allows creation of private eMarketplaces where employees engage with approved vendors through a chat interface, track activities and performance, and authorize payments below $100,000 with a few clicks.