Entrepreneur News Network

RemotePass raises $17.4 million in series B round

Global employment and payroll technology startup RemotePass has raised US$17.4 million in a Series B funding round led by EBRD Venture Capital to accelerate international expansion and strengthen its AI-powered workforce management platform.

The funding round also saw participation from 500 Global along with existing investors including Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures.

Early-stage investors such as BECO Capital, Endeavor Catalyst, and Wamda Capital also supported the company.

RemotePass Expanding Global Payroll and Workforce Platform

The company plans to use the new funding to:

  • Expand operations across Europe and the United States
  • Strengthen compliance solutions in existing markets
  • Enhance financial services offerings
  • Further develop AI-powered platform capabilities

Founded in 2021 by Kamal Reggad and Karim Nadi, RemotePass helps companies manage:
๐ŸŒ Global hiring
๐Ÿ’ฐ Payroll processing
๐Ÿ“‘ Compliance management
๐Ÿ’ณ Employee payments and spend management

The platform is designed to support businesses hiring remote workers and distributed teams across multiple countries.

AI Becoming Central to Workforce Management

RemotePass is increasingly integrating artificial intelligence into its platform to simplify global workforce operations.

The company says its AI-enabled infrastructure helps businesses:
โœ” Reduce payroll complexity
โœ” Improve compliance management
โœ” Streamline onboarding processes
โœ” Manage remote teams more efficiently
โœ” Simplify international payments

Industry experts believe AI-driven automation is becoming critical for companies managing global and hybrid workforces.

Focus on Emerging Markets Gives Competitive Edge

RemotePass has built a strong presence across the Middle East and North Africa (MENA) region, where global payroll infrastructure remains relatively underserved.

The company offers:
๐Ÿ•’ 24/7 customer support
๐ŸŒ Arabic and English services
โš– Local labor law compliance support
๐Ÿ’ณ Payment systems designed for emerging markets

According to CEO Kamal Reggad, the companyโ€™s deep understanding of regional workforce challenges has helped it build financial tools tailored specifically for businesses and workers across emerging economies.

He said:

โ€œBuilding a globally competitive platform from the region, in a market that incumbents underestimated, is something we are incredibly proud of.โ€

Growing Demand for Cross-Border Workforce Solutions

The rise of remote work, global hiring, and digital-first businesses has created significant demand for:

  • International payroll platforms
  • Employer-of-record services
  • Compliance automation
  • Cross-border payment infrastructure
  • Workforce management software

Companies are increasingly looking for solutions that simplify hiring talent across multiple countries without dealing with complex local regulations independently.

Industry analysts believe the global workforce management software market will continue expanding rapidly as organizations adopt hybrid and distributed work models.

Investors Highlight AI and Fintech Integration

Investors backing RemotePass emphasized the companyโ€™s combination of workforce infrastructure and embedded fintech services.

Amjad Ahmad, Managing Partner at 500 Global, said the company has built structural advantages through:
โœ” Embedded financial services
โœ” AI investments
โœ” Strong emerging market expertise
โœ” Integrated workforce infrastructure

He added that the platform bridges workforce management and fintech into a unified system designed for global scalability.

Trusted by Regional and Global Enterprises

RemotePass currently works with several major regional and international companies, including:

  • Tabby
  • Careem
  • Logitech
  • Tata Group
  • InDrive

The company says its payment infrastructure has been designed to support regions where traditional global payroll providers often face operational limitations.

MENA Emerging as a Global Startup Hub

The funding also reflects growing investor confidence in startups emerging from the MENA region.

Over the past few years, the region has seen increasing investment across:
๐Ÿ’ป Fintech
๐Ÿค– AI infrastructure
๐ŸŒ Workforce technology
๐Ÿ“ฑ SaaS platforms
๐Ÿ’ณ Digital payments

Experts believe MENA-based startups are increasingly building globally competitive products that can scale into Europe, Asia, and North America.

Conclusion

With fresh Series B funding, RemotePass is aiming to strengthen its position in the rapidly growing global workforce and payroll technology market.

By combining AI-powered workforce management, compliance automation, and fintech infrastructure, the company is building a platform designed to support businesses operating across borders and emerging markets.

As remote work and global hiring continue to reshape the future of employment, platforms like RemotePass could play an increasingly important role in simplifying international workforce operations for companies worldwide.

LG Innotek and Kakao Mobility Partner to Develop Autonomous Driving AI Technology

Leave a Comment