Dubai – Sharikat Mubasher: RemotePass announced it has raised $17.4 million in a Series B funding round led by EBRD Venture Capital, with participation from 500 Global and several MENA-based investors, including Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures.
As per the company’s press release, RemotePass has grown to support more than 35,000 workers across over 150 countries and has facilitated more than $800 million in cross-border payroll payments. The platform serves companies including Careem, InDrive, Logitech, and Tata Group.
Founded in 2021 by Kamal Reggad and Karim Nadi, RemotePass provides global employment, payroll, compliance, and fintech solutions for distributed teams. The company said the new funding will support its expansion across Europe and the US, while accelerating investments in AI capabilities and financial infrastructure products.
The company recently expanded its fintech offering with the launch of SpendCards, integrating payroll, contractor payments, and corporate expense management into a single platform. It has also introduced AI agents to automate onboarding, compliance, and support workflows.
RemotePass said it reached profitability in early 2025 before deciding to reinvest in international growth and product expansion. The funding round highlights continued investor appetite for MENA-founded fintech and HR technology startups building globally scalable platforms.
