Fintech Kadmos Raises €8.3 Million in Its Seed Funding Round

The Berlin-based Fintech Kadmos has announced the closing of its Seed round, raising €8.3M in financing. The round was led by Addition, with existing and renowned Pre-Seed investor Atlantic Labs also joining the round. Other investors included prestigious fintech angels with backgrounds at Stripe, SumUp, True Layer, and Moss.

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Kadmos provides a new solution for international salary payments, making the salary journey of millions of migrant workers more transparent, convenient, and less expensive. With ambitious goals set for 2022, the start-up will use the new funds to accelerate product development, expand the team, and facilitate its entry into further industries.

"We are beyond excited to have such prominent venture capital firms trusting our idea and backing our mission to revolutionize the salary payment experience of millions of migrant workers. It is further proof for the hard work our team has put into Kadmos throughout the last months. We can now accelerate our pace to restore the financial freedom of migrant workers,"said Kadmos Co-founder Justus Schmueser.

By closing the recent seed round, Kadmos has put itself in a position to capture a sizable share of the global cross-border B2C payment volume, which is projected to reach $1.6T by 2022.