Key Takeaways
- • RemotePass closed a $17.4 million Series B funding round led by EBRD Venture Capital, with participation from 500 Global and existing backers Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures.
- • The London-based global employment and payroll platform will deploy capital toward European and US commercial expansion, embedded financial infrastructure development, compliance enhancements, and AI-powered automation features.
- • RemotePass operates across 150+ countries, providing employer-of-record (EOR) services, payroll processing, compliance infrastructure, and embedded fintech products (USD accounts, payment cards, health insurance) to enterprise clients including Logitech, Tata Group, InDrive, and Careem.
- • The round was described as "oversubscribed," signaling strong investor demand for the HR-payroll-fintech convergence thesis and cross-border employment infrastructure solutions.
- • Founded in 2021 by Kamal Reggad and Karim Nadi, RemotePass achieved profitability in the prior fiscal year, de-risking the business ahead of this growth capital raise.
Summary
RemotePass, a London-headquartered global employment, payroll, and fintech platform, has secured $17.4 million in Series B funding in an oversubscribed round, reflecting institutional appetite for infrastructure supporting distributed workforce management. The round was led by EBRD Venture Capital, the venture investment arm of the European Bank for Reconstruction and Development, alongside participation from 500 Global and four existing investors: Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures.
Founded in 2021 by Kamal Reggad and Karim Nadi, RemotePass operates a comprehensive platform addressing the operational and financial needs of globally distributed teams. The company offers employer-of-record (EOR) services, contractor management, multi-country payroll processing, and compliance infrastructure spanning more than 150 countries. Its embedded financial services layer includes USD accounts, branded payment cards, and health insurance offerings—positioning the company at the intersection of HR tech, payroll processing, and fintech infrastructure. Notable customers include Logitech, Tata Group, InDrive, and Careem.
The capital will be deployed across four strategic priorities: expanding commercial operations in Europe and the United States, deepening embedded financial infrastructure capabilities, enhancing compliance and regulatory infrastructure, and accelerating development of AI-powered automation tools for onboarding, compliance, and customer support workflows. The funding decision carries particular weight given that RemotePass achieved profitability in the prior fiscal year, reducing venture capital dependency and signaling business model maturity before this growth round.
EBRD Venture Capital's participation is notable, as the initiative focuses on high-growth technology startups across emerging markets in Europe, Central Asia, the Middle East, and North Africa, with sectoral concentration in fintech, climate technology, AI, digital infrastructure, and enterprise software. The lead investor's backing validates RemotePass's positioning as infrastructure-grade technology addressing the structural shift toward remote and distributed employment models globally.
Founded in 2021 by Kamal Reggad and Karim Nadi, RemotePass operates a comprehensive platform addressing the operational and financial needs of globally distributed teams. The company offers employer-of-record (EOR) services, contractor management, multi-country payroll processing, and compliance infrastructure spanning more than 150 countries. Its embedded financial services layer includes USD accounts, branded payment cards, and health insurance offerings—positioning the company at the intersection of HR tech, payroll processing, and fintech infrastructure. Notable customers include Logitech, Tata Group, InDrive, and Careem.
The capital will be deployed across four strategic priorities: expanding commercial operations in Europe and the United States, deepening embedded financial infrastructure capabilities, enhancing compliance and regulatory infrastructure, and accelerating development of AI-powered automation tools for onboarding, compliance, and customer support workflows. The funding decision carries particular weight given that RemotePass achieved profitability in the prior fiscal year, reducing venture capital dependency and signaling business model maturity before this growth round.
EBRD Venture Capital's participation is notable, as the initiative focuses on high-growth technology startups across emerging markets in Europe, Central Asia, the Middle East, and North Africa, with sectoral concentration in fintech, climate technology, AI, digital infrastructure, and enterprise software. The lead investor's backing validates RemotePass's positioning as infrastructure-grade technology addressing the structural shift toward remote and distributed employment models globally.
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