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Kadmos receives 29 million euros

Janina Gerhardt | 12.07.2022

Kadmos receives 29 million euros — Kademos will die Gehaltszahlung an Gastarbeiter vereinfachen. (Foto: Kademos)

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.

Finanzierung

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Atlantic Labs backs mission-driven founders working on transformative technology ventures.

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Payment solution for the payment of salaries to employees abroad.

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