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

Japanese shipping company Nippon Yusen Kabushiki Kaishaor NYK line obtains a salary payment platform for Germany’s marine workers, CadmosHe is trying to further expand the lack of Fintech services in the maritime sector.

Companies did not disclose the financial conditions of the expected purchase deal to be completed in the next few weeks.

MIT graduates Justus Schdueser and Sasha Makarovych, in 2021, ship-maker and ship management companies, including shipowners and ship management companies, especially for maritime workers, aims to present businesses, including international salaries and transparent options.

In 2019, NYK, Marcopay in the Philippines, the Philippines launched a financial services platform on Marcopay and offers loans and insurance for the Sea officers and families of the Philippines. Since then, the ship owners and ship management collaborated and even gained Electronic money issuer (EMI) license From the Central Bank of the Philippines.

NYK approached Kadmos in accordance with the plan to develop digital payment in the Philippines. He plans to enter the Kadmos platform to Marcopay, provides salary solutions for all nations to marine workers.

“Our plan is to use the global accessible and coverage of Kadmos when using Marcopay’s preferences in the Philippines,” said Makarovych Techcrunch. “In addition, we plan to use the reputation to grow and point the NYK brand and fame – they are a wide respected brand known by the industry.”

Kadmos also plans to expand its capabilities outside the salary to offer border B2B payments and corporate cards. The company wants to expand the remit to the cruise industry and offer additional financial services for transport companies and sailors to offer additional financial services through the Partnership with NYK.

Makarovych will remain with a company with minor amendments to the management of Kadmos.

There are several digital payment platforms such as Maritime companies, such as violence, shipbuilding and Brightwell.

At the same time, Makarovych, as the lists of Kadmos, as the lists, including virtual point-selling devices and peers, vary from the end point, as soon as possible.

“Our cards are not individually and are the most widely accept, which allows Kadmo to spread rapidly without card logistics very quickly,” Makarovych said. “Cadmos prices are being established in an extremely flexible way, when it is very personalized in accordance with the rules of the Naval Convention of the Naval Entertainment, our competition is simply accused of a monthly saas.”

Kadmos lifted a number of $ 29.5 million in a round in 2022. The total capital of cadmos was raised to $ 38 million. There are more than 40 enterprise customers.