RemotePass secured $17.4 million in Series B funding after reaching profitability last year – an achievement that its lead investor said marks the company apart from competitors that have burned through far more capital to achieve similar scale.
Profitability before expansion
The company, founded in 2021 by Kamal Reggad and Karim Nadi, turned profitable in early 2025, a milestone that caught the attention of EBRD Venture Capital, which led the round. The venture capital arm of the European Bank for Reconstruction and Development said RemotePass had reached “meaningful scale on a fraction of the capital others in the category have raised”.
Amine Chabane, principal at EBRD Venture Capital, said: “The business has reached meaningful scale on a fraction of the capital others in the category have raised – a signal of how disciplined Kamal and his team have been with execution.”
New strategic investor 500 Global joined the round alongside existing backers Oraseya Capital, 212 VC, Access Bridge Ventures and Khwarizmi Ventures. The funding brings RemotePass’s total raised to $28 million, building on a $5.5 million Series A in March 2024 led by 212 VC. Earlier investors include BECO Capital, Endeavor Catalyst, Wamda Capital, Flyer One Ventures, A15, Swiss Founders Fund, Plug & Play and Flat6Labs.
Amjad Ahmad, managing partner at 500 Global, said: “RemotePass has built a robust platform that bridges workforce management and fintech into a single integrated stack. The emerging market depth, embedded fintech layer, and early AI investment create structural advantages that are hard to replicate.”
A single platform for HR, finance and IT
RemotePass combines Employer of Record (EOR) services, contractor management and global compliance with embedded finance technology, giving workers access to USD bank accounts, corporate expense cards and health insurance through one system. The company says it solves the problem of fragmented systems that leave payroll in one tool, spending in another, compliance somewhere else and workforce data scattered across IT.
The platform enables businesses to hire full-time employees in foreign countries by acting as the local legal employer, handling compliance, benefits and taxes. For freelancers and independent contractors, it automates compliance documentation, contract generation and tax forms. Multi-currency cross-border payments allow companies to fund payroll via a single invoice while workers can receive payments in various currencies and methods.
Its fintech layer – which the company describes as a “super app” – offers workers USD accounts and global debit cards. SpendCards, launched in late 2025, are corporate expense cards embedded within the payroll platform, integrating payroll, contractor payments and expense management. This addresses a significant pain point for distributed teams that previously had to manage spending through separate systems.
Kamal Reggad, chief executive and co-founder, said the company sees a future where HR, finance and IT converge into a single financial infrastructure layer for distributed teams. “Payroll is the largest recurring financial flow in any company and the spine of the employee lifecycle, from onboarding to spend to benefits to financial inclusion for workers globally,” he said. “The companies that will run in the next decade will be those that offer end-to-end platforms for everything global teams need.”
The company has deep experience in the Middle East and North Africa (MENA) region, with dual headquarters in Boston, Massachusetts, and Abu Dhabi, UAE. It provides 24/7 Arabic and English support and has built payment rails in markets where global platforms have limited reach. Regional specialists are increasingly outperforming global platforms in emerging markets due to superior compliance quality and operational delivery, according to industry analysis.
RemotePass already uses AI agents to automate onboarding and some workflows, including compliance checks and support inquiries. An “Ask AI” feature allows natural language queries of HR and finance data. Reggad said: “At the same time, AI agents are becoming a permanent part of how these teams operate – not replacing people, but embedded into real workflows like payroll processing, compliance monitoring, and onboarding. RemotePass is already building for both: financial convergence and AI agents. The Series B will accelerate that roadmap.”
Growth plans and customer base
The company will use the fresh funds to scale across Europe and the United States – two of its fastest-growing markets – deepen product investment including increased compliance coverage, and accelerate its artificial intelligence roadmap.
RemotePass currently employs 140 people across 27 countries and plans to grow headcount to around 200 by the end of the year. Its customers include Logitech, Tata Group, InDrive and Careem, as well as MENA companies such as Tabby.
Customer success stories cited by the company include Pemo, which increased headcount sevenfold with one-click payments; Moneipoint, which reduced payment processing time from five days to one; Podeo, which boosted headcount by 32% and slashed HR expenses by $50,000; Lean Technologies, which saved over $60,000 on entity setup and up to $10,000 on legal fees; and Grubtech, which solved payroll chaos associated with rapid global growth.
Reggad said hiring is only the starting point: “This round is about acceleration. We have the product, the traction, and now the partners to expand properly. Hiring is just the entry point. What companies actually need is a platform that supports their teams end-to-end, including the financial services that make distributed work function.”
