RemotePass raises $17.4M in Series B funding to expand its AI-driven global payroll and fintech platform into Europe and the US.
The global landscape of remote work is undergoing a profound transformation. What began as a scramble to manage distributed teams has evolved into a sophisticated convergence of human resources and financial technology. Capitalizing on this momentum, RemotePass, an all-in-one global employment, payroll, and spend management platform, announced it has secured $17.4 million in a Series B funding round.
The oversubscribed investment round was led by EBRD Venture Capital (EBRD), with substantial backing from 500 Global. A highly competitive roster of regional and early-stage backers also participated, including Oraseya Capital, 212 VC, Access Bridge Ventures, Khwarizmi Ventures, BECO Capital, Endeavor Catalyst, and Wamda Capital.
Bridging HR and Financial Inclusion
Founded in 2021 by Kamal Reggad and Karim Nadi, RemotePass initially carved out a powerful niche by solving complex compliance and localized payroll hurdles across the Middle East and North Africa (MENA). While traditional Western incumbents historically struggled to navigate localized regulatory frameworks in emerging markets, RemotePass built deep local roots.
The platform’s core strength lies in its embedded fintech layer, which targets financial inclusion for remote contractors and distributed teams facing local currency volatility and high inflation. Through RemotePass, international workers gain direct access to sovereign US Dollar (USD) accounts, physical and digital global debit cards, and premium corporate health insurance. This infrastructure has turned the platform into an indispensable talent retention tool for global enterprises and regional giants like Logitech, Tata Group, InDrive, Tabby, and Careem.
Capital Efficiency Meets Next-Gen Automation
A standout element of RemotePass’s trajectory is its strict financial discipline. In an industry notorious for heavy capital burn, RemotePass achieved net profitability in early 2025 based on strong unit economics. According to coverage by The Fintech Times, the startup has quietly scaled to support more than 35,000 workers across 150+ countries, facilitating over $800 million in cross-border payroll transactions, all while utilizing a fraction of the capital raised by its category peers.
Innovation remains at the forefront of their operations. In late 2025, RemotePass rolled out “SpendCards,” collapsing corporate expense management, traditional payroll, and contractor payments into a singular workspace. To further streamline HR operations, the company deployed autonomous AI agents designed to handle complex onboarding procedures, automated compliance logic, and tiered customer support.
Driving Global Expansion
The newly acquired Series B capital will fuel aggressive commercial expansion into Europe and the United States, which already rank as the firm’s fastest-growing markets. Additionally, funds will be funneled into deepening localized compliance frameworks and expanding its AI-driven financial product ecosystem.
“This round is about acceleration,” stated Kamal Reggad, CEO and Co-Founder of RemotePass, in a statement shared by Wamda. “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. We know this region better than anyone, and we have built the financial tools that workers actually need. Now, we are taking that depth global.”
About the Author
Jennifer Sakmufuwo Baba is a tech analyst and writer covering artificial intelligence, fintech, and emerging technologies at TechRegard. Based in Nigeria, she's passionate about translating complex tech developments into compelling, accessible stories for diverse audiences. Her work focuses on how technology shapes innovation across Africa and globally.
