- RemotePass has raised $17.4 million in a Series B round led by EBRD Venture Capital.
- It was founded in 2021 by Kamal Reggad and Karim Nadi to simplify international hiring, paying, and worker support.
- The round comes as the company hit profitability last year, it says.
RemotePass has raised $17.4 million in a Series B round led by EBRD Venture Capital to make cross-border hiring, paying, and working easier.
The company, which is dual-headquartered in Boston, Massachusetts, and Abu Dhabi, UAE, combines Employer of Record (EOR) services, contractor management, and global compliance with embedded finance technology to give workers access to USD bank accounts, corporate expense cards, and health insurance in one place.
It was founded in 2021 by Kamal Reggad and Karim Nadi to simplify international hiring, paying, and worker support issues in countries where it’s difficult to set up a local entity and understand compliance and banking regulations.
Reggad says that hiring is just the entry point. “This round is about acceleration,” he says.
“What companies actually need is a platform that supports their teams end-to-end, including the financial services that make distributed work function.”
The startup’s business model relies on per-worker fees for employment services. It hit profitability last year, which is one element that caught the attention of EBRD.
“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,” says Amine Chabane, principal at the VC firm.
500 Global and existing investors Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures also participated in the round. It brings the company’s total raised to $28 million.
RemotePass has 140 employees across 27 countries, and will grow headcount to around 200 by the end of the year. Its customers include Logitech, Tata Group, InDrive, and Careem.
RemotePass will use the fresh fund to scale across Europe and the US, deepen product investment including increased compliance coverage, and accelerate its AI roadmap. The company already uses AI agents to automate onboarding and some workflows.
Its product roadmap signals where the founders see their industry going: The HR, finance, and IT are set to converge into a single financial infrastructure layer. For distributed teams, the old model — payroll in one system, spend in another, compliance somewhere else, workforce data scattered across IT — is breaking, Reggard says.
“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,” Reggard says, noting that the companies that will run in the next decade will be those that offer end-to-end platforms for everything global teams need.
“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,” Reggard adds.
