The startup offers an end-to-end salary payment platform that ensures secure and transparent payments to international employees through digital transactions and bank-level security. By providing competitive foreign exchange rates, low fees, and salary advances, the platform enhances financial flexibility for a global workforce.
Funding
$40.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BCFounders
Product
Problem
Traditional methods of paying international employees, particularly in industries like maritime, involve complex processes, high fees, and a lack of transparency. Employees often face delays in receiving their salaries, unfavorable exchange rates, and security risks associated with handling cash.
Solution
Kadmos offers an end-to-end salary payment platform designed to streamline and digitize the payment process for cross-border workers. The platform enables employers to automate payments, reduce administrative costs, and eliminate intermediaries. Employees benefit from instant access to their salaries through a mobile app, market-leading foreign exchange rates, low transaction fees, and a global debit card for spending or withdrawing funds. Kadmos also provides a secure e-wallet for storing funds and facilitates wallet-to-wallet transfers between users.
Target Audience
Kadmos primarily targets companies with international employees, such as those in the maritime, construction, healthcare, and hospitality industries, as well as the cross-border employees themselves.
Features
- Automated payment processing to reduce administrative overhead
- Instant salary payments to employee e-wallets
- Market-leading foreign exchange (FX) rates and low transaction fees
- Global debit card for convenient spending and cash withdrawals
- Mobile app for managing payments, tracking transactions, and sending money internationally
- Secure e-wallet for storing funds in multiple currencies
- Wallet-to-wallet transfers for instant payments between Kadmos users
- Integration with crewing software via API
- KadPay for instant wallet-to-wallet payments
- KadPos, a digital point-of-sales solution for onboard expense settlements