• Wamda Capital-backed global employment, payroll, and spend platform RemotePass has raised $17.4 million in Series B funding led by EBRD Venture Capital (EBRD), with participation from 500 Global and existing investors Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures.
• Founded in the UAE in 2021 by Kamal Reggad and Karim Nadi, RemotePass operates a global employment, payroll, and spend management platform serving businesses across more than 150 countries.
• The company said it reached profitability in early 2025 before reinvesting into global expansion, AI capabilities, and embedded fintech products.
• In late 2025, the company launched SpendCards, integrating payroll, contractor payments, and corporate expense management into a single platform.
• RemotePass is also backed by early-stage investors BECO Capital, Endeavor Catalyst, and Wamda Capital. 
• The Series B funding will support expansion across Europe and the US, deeper compliance infrastructure, and continued investment in AI and financial services products.

Press release:

RemotePass, the global employment, payroll, and spend platform founded in the UAE in 2021, has raised $17.4 million in Series B funding led by EBRD Venture Capital (EBRD), with participation from 500 Global and existing investors Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures. RemotePass is also backed by early-stage investors BECO Capital, Endeavor Catalyst, and Wamda Capital. 

RemotePass is the only global employment platform with over five years of deep experience supporting businesses and workers across the Middle East and North Africa. The company provides 24/7 Arabic and English support, navigates complex local labour laws across the region, and has built payment rails in markets where most global platforms have limited reach. RemotePass is trusted by MENA companies such as Tabby and Careem, alongside global enterprises including Logitech, Tata Group and InDrive.

For workers across the region managing income in volatile local currencies, RemotePass solves a critical gap left by legacy providers: financial inclusion. The platform provides workers with access to USD accounts, global debit cards, and premium health insurance. In a region where currency devaluation and delayed cross-border payments directly impact talent retention, these financial tools provide a level of stability that most employers have never been able to offer.

"This round is about acceleration", said Kamal Reggad, CEO and Co-Founder of RemotePass. "Building a globally competitive platform from the region, in a market that incumbents underestimated, is something we are incredibly proud of. We know this region better than anyone, and we have built the financial tools that workers here actually need. At the same time, we are helping businesses around the world access world-class talent across the region. Now, we are taking that depth global.”

RemotePass reached profitability in early 2025, reflecting strong underlying unit economics. The company then made a deliberate decision to reinvest in expansion, bringing on EBRD and 500 Global as strategic partners for the next phase. The business has scaled to more than 35,000 workers across 150+ countries and facilitated over $800 million in cross-border payroll, with capital raised on a fraction of that of category leaders.

In late 2025, RemotePass launched SpendCards, embedding corporate expense cards into the same platform that pays the workforce, collapsing payroll, contractor payments, and spend into one system regardless of where a worker sits or how they are employed. The company has also rolled out AI agents that automate workflows across onboarding, compliance, and support, giving HR and finance teams an extension of their operations.

"RemotePass is uniquely integrating global payroll and financial products into a single AI-enabled experience. It lowers friction for employers operating across emerging markets while creating real economic opportunity for tens of thousands of workers. The business has reached meaningful scale on a 

fraction of the capital others in the category have raised — a signal of how disciplined Kamal and his team have been with execution. This is exactly the kind of company we set out to back: a team building a leading platform from an emerging market, with the product depth and commercial momentum to compete in Europe and the US. We look forward to supporting them through the next phase of growth." — Amine Chabane, Principal, EBRD Venture Capital

"RemotePass has built a robust platform that bridges workforce management and fintech into a single integrated stack. The emerging market depth, embedded fintech layer, and early AI investment create structural advantages that are hard to replicate. We backed this exceptional team because they are executing world-class infrastructure to solve a substantial problem as more businesses scale their workforces across borders." — Amjad Ahmad, Managing Partner, 500 Global

The Series B will fund expansion across Europe and the US, deeper compliance coverage in existing markets, and continued investment in the financial product surface and AI capabilities that have become defining features of the platform.

For more information, visit remotepass.com.