The Japanese shipping company NYK gets Kadmos, the salary payment platform for sea engines

Japanese shipping company Nippon Yuzn Kaposhek KishaOr NYK LINE, gets a salary payment platform in Germany for marine navigation workers, As a destroyerBecause it seeks to expand the scope of Fintech services in the marine sector.

Companies have not revealed the financial conditions for the acquisition, which is expected to be completed in the next few weeks.

Graduates of the Massachusetts Institute of Technology, Justos Shamuser and Sasha Makarovich Cadmos, established in 2021, with the aim of providing companies, including ship owners and ship management companies, with affordable and transparent options to transfer salaries at the international level, specifically for marine workers.

In 2019, NYK launched a financial services platform called Marcopay in Manila, the Philippines, where she provided loans and insurance to the Philippine maritime workers and their families. Since then, I have cooperated with ship owners and ship management companies, and she has even acquired Electronic Money Source License (EMI) From the Philippine Central Bank.

NYK is close to Kadmos for the acquisition in line with its plan to develop digital payment work outside the Philippines. It plans to integrate the Kadmos platform into Marcopay, and to provide salary lists for marine workers of all nationalities.

“Our plan is to take advantage of Kadmos’s global access and coverage with the advantages of Marcopay in the Philippines,” McCarovich told Techcrunch. “Moreover, we plan to use the NYK brand and growth reputation faster in charging and faster customer signature – it is a widespread -recognized brand recognized worldwide by the entire industry.”

Kadmos also plans to expand its capabilities until after salary lists to provide B2B payments across the border and corporate cards. The company aims to expand its jurisdiction to serve the cruise industry, and wants to provide additional financial services to shipping and marine companies through a partnership with NYK.

Makarovych said the Kadmos team will remain with the company, with slight adjustments to the management structure.

There are many digital payment platforms available to marine companies, such as Martrust, ShipMoney, and BRIGWELL.

However, Makarovych believes that Kadmos stands thanks to its comprehensive arrival, as it has been included as examples of their advantages that allow companies to fully work on ships, including virtual points of sale and transfer of counterparts.

“Our cards are not personal and have the widest acceptance, allowing companies to put Kadmos to their ships very quickly without complicated cards.” “Kadmos pricing was built in a very flexible way, allowing companies to cover their crew fees in a very personal way while maintaining compatibility with the regulations from the Maritime Labor Conference – our competitors simply compete with the monthly Saas fees.”

Kadmos recently raised a $ 29.5 million round in 2022. The round raised the total capital of Kadmos to $ 38 million. She now has more than 40 institutions.