MarCoPay
- Company typePrivate
- Founded2019
- HeadquartersTaguig, Philippines
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
MarCoPay firmographics
Firmographics- Name
- MarCoPay
- Website
- https://marcopayinc.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
MarCoPay industry classification
Industry- Product category
- Maritime Payroll & Seafarer Financial Services
- NAICS
- Support Activities for Water Transportation (4883), Professional Employer Organizations (56133)
- SIC
- Water Transportation (4400)
- akta.pro primary industry
- International Payroll & Contractor Payments (FSAMAIAC)
- akta.pro secondary industries
- Employer of Record (EOR) & Global Payroll (FSAMAKAB), Contractor / Freelancer Payments (FSAMAKAC), Cash to Master (CTM) & Shipboard Cash Logistics (TLAHAJAH)
Keywords
Where MarCoPay is headquartered
LocationHeadquarters
- HQ city
- Taguig
- HQ country
- Philippines
- HQ region
- Asia
Offices1 record
Markets served
MarCoPay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure
Revenue model
- Digital Payroll Services: Platform providing digital salary payment and international salary transfer services for seafarers to shipowners and maritime management firms
Go-to-market motion1 record
Distribution channels1 record
MarCoPay product offering
Product offeringCore offering
MarCoPay develops and operates a secured eMoney digital payroll platform that facilitates onboard money transactions for seafarers, providing shipowners and maritime management firms with digital salary payment solutions. The platform delivers international salary transfers, virtual POS transactions at ports, and peer-to-peer transfer capabilities, initially serving Filipino crew and expanding globally via the integration of Kadmos technology acquired by parent NYK Line.
Differentiator
Problem solved
Functional benefit
Products and services
- MarCoPay Digital Payroll Platform A unified digital payroll and financial services platform operated by NYK in Manila, providing salary payment solutions for seafarers. The platform supports international salary transfers, virtual POS transactions at ports, and peer-to-peer transfers, currently serving Filipino crew and being expanded to seafarers of all nationalities through integration of Kadmos technology.
Companies that use MarCoPay
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
MarCoPay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
MarCoPay partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and flagship.
- Kadmos Holding GmbHcoreNYK Line acquired 100% of Kadmos Holding GmbH, a German fintech specializing in digital salary payment platforms for seafarers. Kadmos, founded in 2021 by MIT alumni and operating from Berlin and London, serves over 40 enterprise clients with payment systems including virtual POS and peer-to-peer transfers. Kadmos will be integrated into NYK's existing MarCoPay platform in Manila to extend digital payroll solutions globally. Kadmos maintains its existing management team under NYK ownership.
- NYK Line (Nippon Yusen Kabushiki Kaisha)flagshipNYK Line is the parent company and strategic partner driving MarCoPay's expansion. NYK announced acquisition of Kadmos to integrate into MarCoPay platform. NYK is a Japanese shipping company with global maritime operations that enables MarCoPay's worldwide reach beyond Filipino crew to seafarers of all nationalities.
Scale indicators3 records
MarCoPay competitors and assessment
Company assessmentBroad incumbents
- Remitly: Remitly is a digital remittance platform serving migrant workers and their families globally. It overlaps with MarCoPay's cross-border salary transfer use case for the remittance-style payout that seafarers send home, though it serves a broader, non-maritime customer base.
- Western Union Business Solutions: Western Union operates one of the largest global remittance and cross-border payout networks. It competes for the remittance portion of seafarer wage flows and is the incumbent alternative to digital-first players like MarCoPay.
- Wise (formerly TransferWise): Wise is a global cross-border money transfer and multi-currency payments platform. It overlaps with MarCoPay's international salary transfer feature as a potential alternative or partner rail, though it is a broad incumbent rather than a maritime specialist.
- ADP (Global Payroll / ADP Celergo): ADP is a global incumbent payroll provider with multi-country payroll and contractor payment capabilities through products like ADP Celergo and ADP Streamline. It is a broad incumbent alternative for any large shipowner evaluating MarCoPay versus an established global payroll vendor.
Direct peers
- Oyster HR: Oyster HR is an EOR platform focused on hiring, paying, and managing international employees. It is directly comparable on the cross-border payroll technology and contractor-payment model that underpins MarCoPay's seafarer wage transfer capability.
- Papaya Global: Papaya Global is an EOR and global payroll platform serving multinational employers and cross-border workforces. It is directly comparable to MarCoPay's international salary transfer and global payroll functionality, although Papaya targets corporate HR buyers rather than maritime operators.
- Deel: Deel is a leading global payroll and Employer-of-Record platform for international contractors and distributed workforces. It is directly comparable to MarCoPay on the cross-border payroll and contractor payments core technology, although Deel serves land-based distributed workers rather than seafarers specifically.
- Remote: Remote.com operates a global EOR and contractor payments platform for hiring and paying international employees. It competes with MarCoPay on the underlying payroll-rails-and-compliance stack and is a likely competitive threat if MarCoPay expands beyond seafarers into broader contractor payments.
- MarTrust (ShipMoney): MarTrust/ShipMoney provides prepaid card-based wage payment solutions for seafarers and is the most directly comparable digital maritime payroll platform. Both companies target the same problem of paying seafarers digitally instead of via traditional Cash-to-Master, serving shipowners and crew management firms globally.
- BASS (BASS Software): BASS provides crewing, payroll, and fleet management software specifically for the shipping and offshore industry. It is a directly comparable maritime-focused software platform that handles crew payroll workflows for shipowners and management firms.
Market position
Customer concentration
MarCoPay financial estimates
Financial estimateRevenue estimate
Valuation estimate
MarCoPay leadership team
Management profileNumber of profiles
MarCoPay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MarCoPay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MarCoPay
What does MarCoPay do?
MarCoPay develops and operates a secured eMoney digital payroll platform that facilitates onboard money transactions for seafarers, providing shipowners and maritime management firms with digital salary payment solutions. The platform delivers international salary transfers, virtual POS transactions at ports, and peer-to-peer transfer capabilities, initially serving Filipino crew and expanding globally via the integration of Kadmos technology acquired by parent NYK Line.
Is MarCoPay a public or private company?
MarCoPay is a private company. It is classified as corporate owned and is currently operating.
When was MarCoPay founded?
MarCoPay was founded in 2019. It employs 11 to 50 people.
Where is MarCoPay based?
MarCoPay is headquartered in Taguig, Philippines, in the Asia region.
How does MarCoPay make money?
One revenue line is on record: digital Payroll Services.
Who are MarCoPay's main competitors?
Broad incumbents on record are Remitly, Western Union Business Solutions, Wise (formerly TransferWise) and ADP (Global Payroll / ADP Celergo). Direct peers are Oyster HR, Papaya Global, Deel, Remote, MarTrust (ShipMoney) and BASS (BASS Software).
Does MarCoPay have an API?
No public API is recorded for MarCoPay.
What industry is MarCoPay in?
MarCoPay's product category is Maritime Payroll & Seafarer Financial Services. Its primary akta.pro industry code is FSAMAIAC, International Payroll & Contractor Payments, with a secondary code of FSAMAKAB, Employer of Record (EOR) & Global Payroll. Its NAICS code is 4883 and its SIC code is 4400.