RemotePass raises $17.4m Series B from EBRD as global employment meets fintech

RemotePass, a Dubai-founded employment, payroll, and spend platform, raised $17.4m in Series B funding led by EBRD Venture Capital. 500 Global joined as a new strategic investor, alongside returning backers Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures. The funding round followed a $5.5m Series A in March 2024 and brings total funding to roughly $23m. RemotePass reached profitability in early 2025 and reinvested its operating-leverage runway into expansion. The platform provides Employer of Record services, contractor management, and cross-border payroll and compliance across more than 150 countries, with a fintech layer offering USD accounts, global cards, and health insurance. It reports 35,000-plus workers and $800m-plus in cross-border payroll facilitated, with customers including Logitech, Tata Group, InDrive, and Careem. SpendCards launched in late 2025 to embed corporate expense cards into the payroll platform.

"RemotePass , the global employment, payroll, and spend platform co-founded by Kamal Reggad and Karim Nadi, has raised $17.4m in Series B funding led by EBRD Venture Capital, the company said on Tuesday. 500 Global joins the round as a new strategic investor, alongside returning backers Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures."

"The structural detail in the announcement is the profitability claim. RemotePass reached profitability in early 2025 and reinvested the operating-leverage runway in expansion rather than banking it. Profitable HR-and-payroll-tech companies are unusual in the current vintage; the category is dominated by venture-scale platforms (Deel, Remote, Rippling, Velocity Global) operating on negative unit economics underwritten by repeated late-stage rounds."

"What RemotePass sells is a category that has narrowed in the past two years. The platform handles Employer of Record (EOR) services, contractor management, cross-border payroll and compliance across more than 150 countries, with a fintech layer giving workers USD accounts, global cards and health insurance on top. The company's own published numbers put it at 35,000-plus workers across the platform and $800m-plus in cross-border payroll facilitated to date."

"The product expansion, accelerating the company's growth, is the fintech layer. In late 2025, RemotePass launched SpendCards , embedding corporate expense cards into the same platform that runs payroll. Expense manageme"

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