Kadmos

About Kadmos

Kadmos.io is a global salary payments platform that provides a comprehensive solution for secure, end-to-end salary payments. The company primarily serves employers and employees, with a particular focus on migrant workers. Kadmos operates in the financial technology market, offering a unique blend of payroll management and payment services.

The company's business model is centered around its automated payment process, which significantly reduces administrative costs for employers. This is achieved through its employer web app, which allows for easy payroll management. Employees, on the other hand, benefit from instant salary payments via the Kadmos mobile app. This app also enables them to manage their money, transfer funds home, and use their Kadmos debit card to make purchases or withdraw cash.

Kadmos generates revenue through transaction fees and foreign exchange (FX) rates. The company offers market-leading FX rates, which not only benefits the employees but also makes the platform attractive to employers looking to retain their workforce. Additionally, Kadmos users can make payments to each other for free, further enhancing the platform's appeal.

The company recently raised over $29 million in a Series A funding round, indicating strong investor confidence. Notable backers include prestigious venture capital firms such as Blossom, Addition, and Atlantic Labs, as well as angel investors associated with successful fintech companies like Stripe, SumUp, TrueLayer, and Moss.