Key Takeaways
- • RemotePass closed a $17.4 million Series B funding round led by EBRD Venture Capital, with 500 Global joining as a new investor alongside returning backers Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures.
- • The UAE-based payroll and employment platform has achieved profitability as of early 2025 and has grown nearly 4x since its $5.5 million Series A round in 2024, demonstrating accelerated unit economics and operational efficiency.
- • RemotePass operates in over 150 countries, has processed more than $800 million in cross-border payroll, and counts enterprise clients including Logitech, Tata Group, InDrive, Tabby, and Careem.
- • The capital will fund geographic expansion into Europe and the US while enhancing AI capabilities through its Ask AI solution, which provides workforce analytics by analyzing financial and HR data.
- • Founded in 2021, RemotePass enables compliant cross-border payroll processing with USD-denominated accounts and global debit cards, addressing currency volatility and local labor law compliance for multinational employers.
Summary
RemotePass, a UAE-based payroll and employment services platform, has secured $17.4 million in Series B funding to accelerate its global expansion strategy. The round was led by EBRD Venture Capital, with participation from returning investors Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures, alongside new institutional backer 500 Global. The funding marks significant validation of the company's business model within the increasingly competitive cross-border employment fintech space.
Founded in 2021, RemotePass has built a compliance-focused platform designed to simplify multinational payroll processing. The company enables employers to process payroll to employees across borders through a single interface, with all transactions compliant with local labor laws. Employees receive USD-denominated accounts and global debit cards, which mitigates currency volatility concerns and allows local fund withdrawal. Beyond payroll infrastructure, RemotePass offers Ask AI, an analytics tool that provides employers with workforce trend insights by processing financial and HR data.
The company has demonstrated substantial scale and profitability metrics that likely influenced investor appetite. RemotePass operates across more than 150 countries and has processed over $800 million in cumulative cross-border payroll. Its client roster includes multinational enterprises such as Logitech, Tata Group, InDrive, Tabby, and Careem. According to co-founder and CEO Kamal Reggad, the company has grown approximately 4x since its Series A round in 2024 and achieved profitability in early 2025—a significant milestone that positions it favorably relative to high-burn fintech competitors.
With the new capital, RemotePass plans to prioritize expansion into European and US markets, representing material geographic diversification beyond its current regional strength. The company will simultaneously invest in enhancing its AI capabilities and existing regional offerings. The Series B funding and profitability achievement reflect investor confidence in both the addressable market for compliant cross-border employment services and RemotePass's operational execution.
Founded in 2021, RemotePass has built a compliance-focused platform designed to simplify multinational payroll processing. The company enables employers to process payroll to employees across borders through a single interface, with all transactions compliant with local labor laws. Employees receive USD-denominated accounts and global debit cards, which mitigates currency volatility concerns and allows local fund withdrawal. Beyond payroll infrastructure, RemotePass offers Ask AI, an analytics tool that provides employers with workforce trend insights by processing financial and HR data.
The company has demonstrated substantial scale and profitability metrics that likely influenced investor appetite. RemotePass operates across more than 150 countries and has processed over $800 million in cumulative cross-border payroll. Its client roster includes multinational enterprises such as Logitech, Tata Group, InDrive, Tabby, and Careem. According to co-founder and CEO Kamal Reggad, the company has grown approximately 4x since its Series A round in 2024 and achieved profitability in early 2025—a significant milestone that positions it favorably relative to high-burn fintech competitors.
With the new capital, RemotePass plans to prioritize expansion into European and US markets, representing material geographic diversification beyond its current regional strength. The company will simultaneously invest in enhancing its AI capabilities and existing regional offerings. The Series B funding and profitability achievement reflect investor confidence in both the addressable market for compliant cross-border employment services and RemotePass's operational execution.
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