RemotePass has raised $17.4 million in Series B funding to expand its global payroll and employment platform, as the UAE-founded startup moves into the US and Europe after reaching profitability last year.
The round was led by the European Bank for Reconstruction and Development’s venture arm, with participation from 500 Global and existing investors including Oraseya Capital, 212 VC, Access Bridge Ventures and Khwarizmi Ventures. Early backers BECO Capital, Endeavor Catalyst and Wamda Capital also support the company.
Founded in 2020 by Kamal Reggad and Karim Nadi, RemotePass enables businesses to onboard, manage and pay employees and contractors across borders without requiring a local legal presence.
The company has steadily raised capital to scale its operations. In 2024, it secured $5.5 million in a Series A round led by 212 VC, with participation from Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15 and Swiss Founders Fund. Earlier, in 2021, it raised a pre-Series A round led by BECO Capital, alongside Wamda, Khwarizmi VC, Flat6Labs, Wealth Well and a group of Saudi investors, to support its expansion into Saudi Arabia.
RemotePass provides tools for companies to hire, pay and manage workers across jurisdictions, focusing on markets where compliance and payments infrastructure remain fragmented. The platform combines payroll, contractor management and corporate spend into a single system, and has added AI-driven automation for onboarding and compliance workflows.
The company says it supports more than 35,000 workers across over 150 countries and has processed more than $800 million in cross-border payroll.
Chief Executive Officer Kamal Reggad said the funding will accelerate expansion beyond its core Middle East and North Africa markets, where the company built its base by offering localized support and navigating complex labour regulations.
“Building a globally competitive platform from the region, in a market that incumbents underestimated, is something we are incredibly proud of,” Reggad said. “Now, we are taking that depth global.”
RemotePass became profitable in early 2025, a milestone that enabled it to bring in new investors while continuing to invest in growth. The company has sought to differentiate itself by embedding financial services into its platform, including access to US dollar accounts, debit cards and health insurance for cross-border workers.
The offering is designed to address challenges in emerging markets, where currency volatility and payment delays can affect income stability and employee retention.
The startup also launched “SpendCards” in late 2025, integrating corporate expense management into its payroll system in a bid to streamline financial operations for distributed teams.
The new capital will be used to expand compliance coverage, grow its financial services offering and deepen its presence in Western markets, where competition among global payroll providers has intensified.