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Candis

“Can Candis own the entire purchase-to-archive financial workflow for German mid-market companies by embedding cards and payments directly into its AP automation software?”

Founded2015
HQBerlin, Germany
FoundersChristian Ritosek
Total raised~$30M
Latest roundDebt (undisclosed date, per PitchBook)
IndustryVertical SaaS / Accounting
The story

Founded in 2015 as an automated bookkeeping tool for German mid-market companies, Candis progressively expanded from invoice-scanning and approval-workflow software toward a full accounts-payable suite with B2B payments and ERP integrations (DATEV, SAP Business One, Microsoft Business Central, Sage). In 2022–2023 the company made its most material embedded-finance move: embedding Pliant's Cards-as-a-Service to launch its own branded Visa corporate credit cards, doubling customer card spend within a year and adding a recurring-revenue stream. The strategic thesis is to own the entire purchase-to-archive workflow for German SMBs in-platform, reducing reliance on external accounting software.

Last 12 months
2023-01
Product timeline
2015
Candis founded in Berlin as an automated bookkeeping and invoice-management platform for German SMBs.· pivot
2020
Raised €12M Series B to expand machine-learning-driven AP automation across Central Europe.· banking
2022
Raised $16M extension round; announced launch of company credit cards to close the purchase-to-payment loop.· card
2023
Embedded Pliant's white-label Visa credit card platform (Cards-as-a-Service) into Candis software; launched Candis Visa Corporate Credit Cards.· card
The stack
3 layers disclosed in Candis’s embedded-finance stack
Card issuing
Pliant
Card network
in the full report
Accounting
in the full report
Accounting gap: minor
5 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.