Kadmos receives 29 million euros
Janina Gerhardt
| 12.07.2022
The Berlin-based fintech wants to simplify international salary payments for guest workers.
In a Series A financing round, Kadmos has raised 29 million euros. Just this March, the startup had received eight million euros in its pre-seed round. Blossom Capital is leading the current round. Existing investors Addition and Atlantic Labs have participated again.
MIT graduates and founders Justus Schmüser and Sasha Makarovych state that they want to revolutionize the payment of salaries to guest workers. Currently, the company, founded in 2021, is focusing on the shipping industry, but will soon add construction and healthcare. Employers will be able to pay their salaries to people from all countries via a single platform. The aim is to keep transfer fees as low as possible so that employers and employees benefit. In addition, employees will be provided with debit cards that can be used worldwide.
Kadmos plans to use the new funding to hire new employees and further develop the product. Other financial services are to be made available to users in the future.
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectTake care, give care
Did this news inform or entertain you? Then we would be happy if you tell your network about it.
Share on Linkedin Share on Facebook Share on XingRelated companies
Investor
2008
Berlin
Startup
2021
Berlin
FYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
