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Kadmos raises €29m in Series A funding round led by Blossom Capital

Kadmos, an end-to-end salary payments platform for cross-border employers, has raised €29 million in a Series A funding round led by Blossom Capital.

The investment round, which follows an €8.3 million seed round in December, also included existing investors Addition and Atlantic Labs.

This new financing will be used for technology and product development. Kadmos is uniquely positioned to capitalise on the growing global cross-border B2C payment volume projected to reach $1.6 trillion by 2022, involving 169 million migrant workers across the world, according to the UN.

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