RemotePass Secures $17.4M Series B Funding for Global Expansion

UAE-founded global employment, payroll, and spend management platform RemotePass has closed a $17.4 million Series B funding round led by EBRD Venture Capital (EBRD). The round also included participation from 500 Global, Oraseya Capital, 212 VC, Access Bridge Ventures, Khwarizmi Ventures, BECO Capital, Endeavor Catalyst, and Wamda Capital.

The additional capital will fuel RemotePass’s expansion into Europe and the United States while further developing its integrated platform that combines HR administration with fintech solutions. This strategic move addresses a growing demand for comprehensive workforce management tools in emerging markets where regulatory complexities and financial volatility pose unique challenges.

Addressing Emerging Market Needs

RemotePass has spent five years building localized infrastructure across the Middle East and North Africa (MENA) region, developing native payment rails and 24/7 multilingual support. The platform provides critical financial services for remote workers in emerging markets:

• Sovereign Capital Access: Direct access to USD accounts
• Global Spending Power: Physical and digital debit cards for localized transactions
• Essential Protections: Corporate-grade health insurance access

These features serve as a talent retention lever for regional companies like Tabby and Careem, as well as global enterprises such as Logitech, Tata Group, and InDrive seeking to tap into the region’s skilled workforce.

Capital Efficiency and Profitability

A key differentiator for RemotePass is its capital-efficient growth model. While competitors often burn through significant funding to gain market share, RemotePass achieved net profitability in early 2025 based on strong unit economics. The business has quietly scaled to support over 35,000 workers across 150 countries, processing more than $800 million in cross-border payroll transactions.

“This round is about acceleration,” said Kamal Reggad, CEO and co-founder of RemotePass. “We’ve built a globally competitive platform from the region, addressing specific needs that incumbents overlooked. Now, we’re taking that expertise global.”

Next-Generation Features

The company has already launched innovative features like SpendCards—which consolidate payments, payroll, and expense management into one interface—and AI-powered agents to automate HR tasks and improve customer support. These integrated capabilities position RemotePass as a leader in the evolving workforce management landscape.