TechCrunch Startup News Japanese shipping firm NYK acquires Kadmos, a salary payment platform for seafarers
Jun 24, 2025
A major Japanese shipping company is reshaping maritime finance by acquiring a German platform that facilitates salary payments for seafarers. This move highlights the growing intersection of fintech and shipping, aiming to enhance payroll solutions and cross-border payment efficiency. Explore how this acquisition sets a new standard in digital payments for the maritime industry, emphasizing unique features that cater specifically to the needs of seafaring workers.
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NYK's Global Fintech Expansion
- NYK acquired Cadmos to expand its fintech services globally beyond the Philippines.
- They plan to integrate Cadmos with MarcoPay for diverse seafarer payroll solutions.
Cadmos Expanding Financial Services
- Cadmos aims to evolve beyond payroll with cross-border B2B payments and corporate cards.
- The company plans to extend services into the cruise industry via NYK partnership.
Cadmos' Unique Payment Features
- Cadmos differentiates with end-to-end cashless vessel operation features.
- Its non-personalized, widely accepted cards enable rapid deployment across ships.