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Japanese shipping firm NYK acquires Kadmos, a salary payment platform for seafarers
Japanese shipping company Nippon Yusen Kabushiki Kaisha is acquiring German salary payment platform for seafaring workers, Kadmos.
Japanese shipping company Nippon Yusen Kabushiki Kaisha, or NYK Line, is acquiring Germany’s salary payment platform for seafaring workers, Kadmos, as it seeks to further expand the reach of its fintech services in the maritime sector. MIT alumni Justus Schmueser and Sasha Makarovych founded Kadmos in 2021, aiming to provide businesses, including shipowners and ship management companies, with affordable and transparent options for transferring salaries internationally, specifically for seafaring workers. Makarovych, however, thinks Kadmos stands apart thanks to its end-to-end reach, listing as examples its features that let companies operate completely cashless on vessels, including virtual point-of-sale devices and peer-to-peer transfers.
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