RemotePass Raises $17.4m Series B from EBRD as Global Employment Meets Fintech
May 20, 2026 – 6:53 am
The Dubai-founded global employment and payroll platform reached profitability in early 2025 before securing this round. EBRD Venture Capital led the investment, with 500 Global joining as a new strategic investor alongside returning backers Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures.
This funding round follows a $5.5m Series A in March 2024 led by 212 VC, bringing RemotePass’s total funding to approximately $23m. What sets RemotePass apart is its profitability, having reinvested its operating leverage into expansion rather than banking it, which is uncommon among current HR- and payroll-tech platforms.
RemotePass offers Employer of Record (EOR) services, contractor management, cross-border payroll, and compliance across over 150 countries, with a fintech layer providing workers with USD accounts, global cards, and health insurance. The company boasts over 35,000 workers on its platform and has facilitated $800m in cross-border payroll to date, with notable clients including Logitech, Tata Group, InDrive, and Careem.
The recent launch of SpendCards, a feature embedding corporate expense cards into the existing platform, is accelerating RemotePass’s growth. This integration addresses a significant pain point for finance teams managing distributed workforces, as they often have to piece together multiple providers for payroll, expense cards, and reimbursement systems.
Kamal Reggad, CEO of RemotePass, emphasized the operational aspects of this round: "We have the product, the traction, and now the partners to expand properly… What companies actually need is a platform that supports their teams end-to-end, including the financial services necessary for distributed work."
EBRD Venture Capital’s Principal, Amine Chabane, described RemotePass as "building a leading platform from an emerging market, with the potential to revolutionize global employment and payroll services."