RemotePass raises $17.4 million in series B round led by EBRD Venture Capital

The funding round also included investments from 500 Global and existing investors such as Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures. RemotePass has also received support from early-stage investors including BECO Capital, Endeavor Catalyst, and Wamda Capital.

"This round is about acceleration", said Kamal Reggad, CEO and Co-Founder of RemotePass. "Building a globally competitive platform from the region, in a market that incumbents underestimated, is something we are incredibly proud of. We know this region better than anyone, and we have built the financial tools that workers here actually need. At the same time, we are helping businesses around the world access world-class talent across the region. Now, we are taking that depth global.”

"RemotePass is uniquely integrating global payroll and financial products into a single AI-enabled experience. It lowers friction for employers operating across emerging markets while creating real economic opportunity for tens of thousands of workers. 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. This is exactly the kind of company we set out to back: a team building a leading platform from an emerging market, with the product depth and commercial momentum to compete in Europe and the US.
We look forward to supporting them through the next phase of growth." — Amine Chabane, Principal, EBRD Venture Capital.

"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. We backed this exceptional team because they are executing world-class infrastructure to solve a substantial problem as more businesses scale their workforces across borders." — Amjad Ahmad, Managing Partner, 500 Global.

The Series B funding will help the company expand its business in Europe and the US improve compliance support in current markets, and continue developing its financial services. AI features that have become important parts of the platform.

Founded in 2021 by Kamal Reggad and Karim Nadi, RemotePass is a global employment platform with more than five years of experience helping companies and workers across the Middle East and North Africa (MENA). The company offers 24/7 support in both Arabic and English and helps businesses follow local labour laws in different countries across the region.

RemotePass has also created payment systems in markets where many global platforms have limited access. The platform is trusted by well-known MENA companies like Tabby and Careem, as well as global businesses including Logitech, Tata Group, and InDrive.

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