London-based HR and fintech startup RemotePass, which provides global payroll, contractor management, and embedded financial services for distributed teams, has secured $17.4 million in Series B funding led by EBRD Venture Capital.
- Founded in 2021 by Kamal Reggad and Karim Nadi, RemotePass is a global HR, payroll, and spend management platform that enables companies to hire, pay, and manage employees and contractors across more than 150 countries.
- The firm operates by combining employer-of-record services, contractor management, international payroll, compliance handling, and embedded financial tools such as global payments, USD accounts, and corporate expense cards into a single system.
- It also uses automation and AI features to streamline processes like onboarding, compliance checks, and workforce support, allowing businesses to manage distributed teams without setting up local legal entities in each country.
Details of the deal
- The fresh round saw participation from 500 Global, Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures.
- The Series B capital will drive international growth for RemotePass and further develop its AI-enabled payroll, compliance, and embedded financial services platform for global workforce management.
"This round is about acceleration. We have the product, the traction, and now the partners to expand properly. Hiring is just the entry point. What companies actually need is a platform that supports their teams end-to-end, including the financial services that make distributed work function," explains Kamal Reggad, CEO and co-founder of RemotePass.
