RemotePass, a London, UK-based global employment, payroll, and spend platform, has raised $17.4 million in Series B funding.
Investors
The round was led by EBRD Venture Capital, with participation from 500 Global and existing investors Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures.
EBRD Venture Capital is the venture investment initiative of the European Bank for Reconstruction and Development (EBRD), designed to support high-growth technology startups and innovation ecosystems across emerging markets in Europe, Central Asia, the Middle East, and North Africa. The program invests indirectly through venture capital funds and selectively through direct co-investments, focusing on sectors such as fintech, climate technology, AI, digital infrastructure, healthcare, enterprise software, and industrial innovation.
RemotePass Use of Funds
The company will use the funding to expand its commercial operations in Europe and the US, deepen investment in embedded financial infrastructure, enhance compliance capabilities, and accelerate development of its AI-powered automation features.
About RemotePass
Founded in 2021 by Kamal Reggad and Karim Nadi, RemotePass is a global employment, payroll, and fintech platform that helps businesses hire, pay, and manage distributed teams across more than 150 countries. The company provides employer-of-record (EOR) services, contractor management, payroll processing, compliance infrastructure, and embedded financial services, including USD accounts, global payment cards, and health insurance. RemotePass also offers AI-powered workflow automation for onboarding, compliance, and support operations. Headquartered in London, United Kingdom, RemotePass serves customers, including Logitech, Tata Group, InDrive, and Careem.
Funding Details
Company: RemotePass
Raised: $17.4M
Round: Series B
Funding Date: May 2026
Lead Investor: EBRD Venture Capital
Additional Investors: 500 Global, Oraseya Capital, 212 VC, Access Bridge Ventures, Khwarizmi Ventures
Company Website: https://www.remotepass.com/
Software Category: HRTech / FinTech / Global Payroll
Source: https://www.prnewswire.com/news-releases/remotepass-raises-17-4m-series-b-led-by-ebrd-venture-capital-302461155.html