Kadmos Raises €29m to Streamline Funds for Cross-border Employees
Summary
These advantages have a knock-on impact for employers as they will higher appeal to and retain workers through the use of an environment friendly fee course of like Kadmos.Kadmos was based in February 2021 by MIT graduates Justus Schmueser and Sasha Makarovych. The crew shortly grew with key hires together with specialists in product and engineering with Sergio Lopez from fintech startup Moss and Philipp Decurtins from world tech consultancy Capgemini. Staff want to attend days or perhaps weeks for his or her hard-earned salaries to achieve their households and are then pressured into paying exorbitant transaction charges or have to hold giant sums of money at their very own threat. At Kadmos, were working to vary the established order by way of cutting-edge monetary expertise and making certain the hard-working individuals who energy the worldwide financial system can maintain extra of their well-deserved salaries. With outdated banking practices and a number of intermediaries that cost extreme charges, its clear that the method for cross-border funds is damaged and Kadmos fintech platform is strictly the expertise to repair it.
Funding
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