Case Study: Kadmos scales global seafarer payments with Rapyd
Key results
The challenge
Kadmos is an end-to-end salary payments platform that powers secure payments to seafarers and contractors for global shipping companies. The shipping industry struggles with disjointed systems that slow down payments and drive up costs, and seafarers are too often paid in cash despite spending months aboard vessels and needing to receive wages electronically.
The solution
Kadmos used Rapyd Disburse, Rapyd Wallet and Rapyd Issuing to collect payments from shipping companies, prefund accounts, and send secure payouts to a global workforce, onboarding new companies and seafarers quickly with Rapyd's KYC and KYB capabilities. Rapyd Disburse enabled payouts while cutting transfer and foreign exchange fees.
“Without Rapyd we would've struggled to get to where we are today. We see a very collaborative future with Rapyd.”
RWRobyn WalkerHead of Operations, Kadmos
The results, in context
With Rapyd, Kadmos more than doubled the number of countries where it sends payouts, reaching over 75 countries in less than a year, with access to 900+ local and alternative payment methods and 50 currencies for sending and receiving funds.