RemotePass, an HR & Fintech platform that helps companies onboard, manage, pay, and retain remote workers, has secured $5.5 million in Series A funding. The oversubscribed round was led by 212 VC with participation from investors in the US, Europe, and the Middle East, including Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15, and Swiss Founders Fund.
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With this funding, RemotePass’s total capital raised surpasses $10 million, adding to previous investments from BECO Capital, Wamda Capital, Plug & Play, and Flat6Labs.
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“Witnessing RemotePass’s remarkable product growth and stellar customer service since early 2023 solidified our belief in their visionary team & business model. Addressing today’s workforce challenges like talent mobility and remote work RemotePass stands out as a key enabler. It connects companies seeking a broader talent pool with emerging market talents who previously lacked access to global financial solutions and processes. This disruption positions them as game-changers in the UAE & KSA, hubs poised for global dominance.” Ali Hikmet Karabey, Managing Director, 212 VC (Lead Investor)
“Our platform helps democratize access to global opportunities, leveling the playing field for skilled individuals and enabling them to compete in a global job marketplace. This funding fuels our mission to empower countless lives and help global teams succeed.” Kamal Reggad, CEO and Co-Founder, RemotePass
This app offers easy access to a range of financial services and benefits tailored to the needs of remote workers in the global marketplace, including multiple payout options, a USD debit card, and easy access to perks like premium health insurance. Apart from an end-to-end contractor management platform, RemotePass provides businesses with EoR services and relocation support.
About RemotePass
Founded in September 2020 by Kamal Reggad and Karim Nadi, RemotePass offers an all-in-one platform for companies to efficiently onboard, manage, pay, and retain remote contractors and employees in over 150 countries, ensuring compliance. The platform features HR tools like multi-currency expense management and time-off tracking with multi-level approval flows, along with mass payroll processing.
