KKadmos is a global salary payments platform that helps employers pay workers and helps employees access and manage their wages. It automates payroll processing through an employer web app, reducing administrative work, and provides instant salary payments to employees via a mobile app. Employees can manage money, transfer funds home, and use a Kadmos debit card to buy things or withdraw cash. The platform lets users make payments to each other for free and earns revenue from transaction fees and competitive foreign exchange (FX) rates, which can save money for both employers and employees. Kadmos targets migrant workers and aims to help employers retain their workforce by offering fast, reliable payroll and financial tools. The core difference from competitors is the combination of payroll automation, instant cross-border-friendly payments, attractive FX rates, and a wallet/debit card for both money management and global transfers.
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Industries
Company Size
11-50
Company Stage
Series A
Total Funding
$38.6M
Headquarters
Berlin, Germany
Founded
2021
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Total Funding
$38.6M
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Sailing: German startup Kadmos, which had raised $38 million in external capital for its salary payment platform for seafaring workers, got acquired by NYK Line as part of the Japanese shipping firm's efforts to expand its fintech services.
Japanese shipping firm NYK Line is acquiring Germany's Kadmos, a salary payment platform for seafarers, to expand its fintech services in the maritime sector. The acquisition will integrate Kadmos into NYK's MarCoPay platform, enhancing payroll solutions for seafarers globally. Kadmos, founded in 2021, raised $29.5 million in a Series A round in 2022, totaling $38 million in capital. The company plans to expand into cross-border B2B payments and the cruise industry.
Japanese shipping company Nippon Yusen Kabushiki Kaisha, or NYK Line, is acquiring Germany's salary payment platform for seafaring workers, Kadmos, as it seeks to further expand the reach of its fintech services in the maritime sector.
Moments Lab, a specialist in AI video discovery, has raised $24 million (€21m) in funding, led by Oxx, with participation from Orange Ventures, Kadmos, Supernova Invest and Elaia Partners.
Kadmos raised €29m in a Series A funding round last July led by Blossom Capital.
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We're working on gathering enough insights on this company, check back soon!
Industries
Company Size
11-50
Company Stage
Series A
Total Funding
$38.6M
Headquarters
Berlin, Germany
Founded
2021
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Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs