Japanese shipping firm NYK acquires Kadmos, a salary payment platform for seafarers

Japanese shipping company Nippon eusen kabushiki kishaOr NYK LINE, PLAYING THE PLATFORM OF SAVING FOR MEARTIVERS, is gaining platform for marine workers, CadmosAs it wants to expand its fintech services in the marine sector.

The agencies have not disclosed the financial terms of the agreement agreement, which is expected to end within the next few weeks.

MIT alumni Justus Shamucer and Sasha Makarovich founded Qadmos in 2021, which aims to supply businesses including ship owners and ship management companies, especially for transferring salaries to the workers of the sea office.

In 2019, NYK launched a financial service platform called Markop to Manila in the Philippines, providing loans and insurance to the Philippino sea travel workers and their families. From that it has cooperated with Ship Owner and Ship Management Companies and even achieved it An electronic payer (EMI) license From the Central Bank of the Philippines.

Outside of the Philippines, the NY reached Kadmos, in line with the plan to grow the digital payment business. It is planned to include the Kadmos platform in Marcopte, which provides the salary of all nationalities to the salaries of the workers.

“Our plan is to lift the Global Rich and Coverage of Qadmos when using the facilities in the Philippines in the Philippines,” Makarovich told TechCrunch. “Beyond that, we are planning to use NYK and fame to grow faster in shipping and signing customers quickly – these are a much respected brand recognized by the whole industry worldwide.”

Kadmos is planned to extend his capabilities beyond the salary for the inter -bound B2B payment and the delivering corporate card. Makarovich has added that the company also intends to extend its remitt to the cruise industry and to provide additional financial services to shipping companies and sea passengers through partnership with the NY.

Makarovich says Kadmos’s team will be with the company with little consistency with the management structure.

Several digital payment platforms are available for marine companies such as Martists, Shipmani and Brightwell.

Makarovich, however, thinks that Kadmos stands apart as an example of its features for reaching the end-end, which allow companies to operate the vessels completely cashless on vessels, including virtual point-off-saving devices and peer-to-peer transfer.

“Our cards are non-personalized and broad acceptance, which companies allowed to roll out Kadmos on their ships very quickly without complicated card logistics,” said Makarovich. “Kadmos price is built in a highly flexible way, companies allowed companies to cover fees for their crew while consent with the rules by the Meritime Labor Convention – our competition only charge a monthly SAS fee.”

Kadmos recently raised the round in a 29.5 million series in 2022. The round has raised Kadmos’s total capital to $ 38 million. It now has more than 40 enterprise customers.