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UAE-founded global employment and payroll platform RemotePass has raised $17.4 million in a Series B led by EBRD Venture Capital, with participation from 500 Global and existing investors Oraseya Capital, 212 VC, Access Bridge Ventures and Khwarizmi Ventures. Earlier backers in prior rounds include BECO Capital, Endeavor Catalyst and Wamda Capital.
Founded in late 2020 by Kamal Reggad and Karim Nadi, RemotePass enables businesses to onboard, manage and pay employees and contractors in more than 150 countries, with a particular strength in MENA markets where most global competitors have limited payment rails and no Arabic-language support.
The company originally launched as SafarPass, a corporate travel management platform, before pivoting when the pandemic collapsed business travel. Reggad, who was already running an 18-person remote team across the UAE, Africa and Europe, redirected the company toward the cross-border employment infrastructure he had been navigating firsthand. Clients now include Tabby, Careem, Logitech, Tata Group and InDrive.
RemotePass said it reached profitability in early 2025 before deliberately reinvesting into expansion, and has scaled to more than 35,000 workers across 150 countries, facilitating over $800 million in cross-border payroll.
In late 2025, the company launched SpendCards, embedding corporate expense cards into the same platform that handles payroll and contractor payments.
The Series B will fund expansion into Europe and the US, deeper compliance infrastructure in existing markets and continued investment in AI and embedded fintech products.
The round follows a $5.5 million Series A led by 212 VC in March 2024, and an undisclosed pre-Series A in 2021 led by BECO Capital with Wamda and Khwarizmi.
EBRD's Amine Chabane said RemotePass had reached "meaningful scale on a fraction of the capital others in the category have raised," a reference to global competitors like Deel (valued at $12 billion) and Remote (valued at $3 billion) that have raised hundreds of millions to build similar infrastructure from the US and Europe rather than from emerging markets outward.
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