Candex Announces $45 Million Series B Led by Goldman Sachs Asset Management to Cement Leadership in Tail Spend ManagementNEW YORK, November 28, 2023-- Candex, a leading vendor management and tail spend solutions provider, is pleased to announce a Series B investment of $45 million, led by Growth Equity at Goldman Sachs Asset Management (Goldman Sachs) with new investor WiL (World Innovation Lab) who both join existing investors Altos, NFX, Craft, JP Morgan, American Express and Edenred.

Candex宣布由Goldman Sachs资产管理局领导的4500万美元B系列水泥领导Tail支出管理纽约，2023年11月28日-领先的供应商管理和Tail支出解决方案提供商Candex很高兴宣布B系列投资4500万美元，由Goldman Sachs资产管理局（Goldman-Sachs）的增长股权和新投资者WiL（世界创新实验室）领导，他们都加入了现有投资者Altos，NFX，Craft，JP Morgan，American Express和Edenred。

This brings the company’s total amount raised to $85 million. The capital will be used to support the company's high growth and expand into new markets..

这使公司的总额升至8500万美元。资本将用于支持公司的高增长并扩展到新市场。。

The investment from Goldman Sachs comes from its $5.2B growth equity fund, dedicated to investing in high-growth businesses with strong market positioning and durable business models. Clare Greenan, of Goldman Sachs, will join Candex’s Board of Directors to advise on the company's next stage of growth.

Goldman-Sachs的投资来自其5.2亿美元的增长股权基金，致力于投资具有强大市场定位和持久商业模式的高增长企业。Goldman Sachs的Clare Greenan将加入Candex的董事会，就公司的下一个发展阶段提供建议。

New investor WiL (World Innovation Lab) will help Candex accelerate expansion into the Japanese market..

新投资者WiL（世界创新实验室）将帮助Candex加速向日本市场的扩张。。

Tail spend, usually defined as the 90% of a company’s vendors that represent less than 10% of spend, creates operational and compliance challenges for large companies. Candex enables its customers — which include Sanofi, HSBC, Dell, Eaton, Roche, L’Oreal, Colgate and Danone, among others — to use their full P2P buying process while reducing the vendor onboarding and payment cycles from several weeks down to a few minutes..

尾部支出通常定义为公司供应商中支出不到10%的90%，为大公司带来运营和合规挑战。Candex使其客户（包括赛诺菲，银行，戴尔，伊顿，罗氏，欧莱雅，科罗拉多和达能等）能够使用完整的P2P购买流程，同时将供应商入职和支付周期从几周到几分钟。。

'Goldman has been using Candex to tackle some of their own tail spend challenges for the last couple of years, and we are thrilled to strengthen that relationship and bring them on as a major investor,' said Jeremy Lappin, CEO of Candex. 'Candex has been doubling its size every year over the last four years and is on track to more than double revenues again this year.

Candex首席执行官杰里米·拉平（Jeremy Lappin）说：“过去几年，高盛一直在使用Candex来应对自己的一些尾部支出挑战，我们很高兴能够加强这种关系并将他们作为主要投资者在过去四年中，Candex每年的规模都在翻一番，今年再次实现超过两倍的收入。

With this $45 million investment and a shared vision about how our unique offering will revolutionize the way businesses transact, Goldman is adding another clear vote of confidence in the strength and potential of our business.”.

通过这4500万美元的投资以及关于我们独特产品将如何彻底改变企业交易方式的共同愿景，高盛正在对我们业务的实力和潜力增加另一个明确的信心。

'Candex creates incredible value for its clients by solving one of procurement’s greatest challenges. I have been following the company closely for years and am excited to finally join them on their journey to revolutionize tail spend management. Jeremy and his team have built a world-class solution and demonstrated their ability to serve the world’s most demanding businesses year after year.

“Candex通过解决采购方面的最大挑战之一，为客户创造了令人难以置信的价值。多年来，我一直密切关注公司，终于加入他们的旅程，彻底改变尾部支出管理。杰里米和他的团队建立了一个世界级的解决方案，并展示了他们逐年为世界上要求最高的企业服务的能力。

We see remarkable potential in Candex and are thrilled to join forces with existing investors to help accelerate Candex’s global expansion and enhance its product offerings.' said Clare Greenan, a Vice President in the Growth Equity business within Goldman Sachs Asset Management..

我们在Candex看到了巨大的潜力，并很高兴与现有投资者合作，帮助加速Candex的全球扩张并增强其产品产品高盛资产管理公司成长股权业务副总裁克莱尔·格林南说。。

About Candex

关于Candex

Candex is a leading provider of vendor management solutions, offering a user-friendly platform that simplifies vendor management and payment across 42 countries. With its advanced analytics and automation capabilities, Candex helps businesses save time and money while improving their vendor relationships.

Candex是供应商管理解决方案的领先提供商，提供用户友好的平台，简化了42个国家/地区的供应商管理和支付。凭借其先进的分析和自动化功能，Candex可帮助企业节省时间和金钱，同时改善供应商关系。

Some of the world’s largest and most demanding businesses have trusted Candex with their tail spend, including Sanofi, HSBC, Dell, Eaton, Roche, L’Oreal, Colgate, Danone and many more world leading companies. For more information, visit www.candex.com..

一些世界上规模最大，要求最高的企业都相信Candex的尾部支出，包括赛诺菲，银行，戴尔，伊顿，罗氏，欧莱雅，科罗拉多，达能和更多世界领先公司。欲了解更多信息，请访问www.candex.com。。

About Growth Equity at Goldman Sachs Asset Management

关于高盛资产管理公司的增长股权

Goldman Sachs Asset Management delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals, overseeing more than $2.6 trillion in assets under supervision as of September 30, 2023.

Goldman-Sachs资产管理为全球领先机构，财务顾问和个人在公共和私营市场提供投资和咨询服务，截至2023年9月30日，监督超过2.6万亿美元的资产。

The firm is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

该公司的重点是与其客户建立伙伴关系并取得共同成功，寻求利用其全球网络和跨行业和市场的深入专业知识提供长期投资绩效。

Since 2003, Growth Equity at Goldman Sachs Asset Management, comprising more than 75 individuals, has invested over $13 billion in companies led by visionary founders and CEOs. The team focuses on investments in growth stage and technology-driven companies spanning multiple industries, including enterprise technology, financial technology, consumer and healthcare..

自2003年以来，由75多人组成的Goldman Sachs资产管理公司的增长股权已投资超过130亿美元，由有远见的创始人和首席执行官领导。该团队专注于对跨越多个行业的增长阶段和技术驱动公司的投资，包括企业技术，金融技术，消费者和医疗保健。。

Goldman Sachs Asset Management is one of the largest managers of private capital globally and invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate, infrastructure and sustainability.Contact:

Goldman-Sachs资产管理公司是全球最大的私人资本管理公司之一，投资于各种替代品，包括私募股权，增长股权，私人信贷，房地产，基础设施和可持续性。联系方式：

Ali Moore

阿里·摩尔

ali@cmand.co

ali@cmand.co

949-648-0324

949-648-0324