RemotePass Secures $5.5 Million in Series A Funding
This latest injection of capital brings RemotePass's total raised funds to over $10 million.
RemotePass, a UAE HR and Fintech platform facilitating seamless onboarding, management, payment, and retention of remote workers, has raised $5.5 million in Series A funding.[1]
The oversubscribed funding round, spearheaded by 212 VC, witnessed participation from investors across the US, Europe, and the Middle East, including Endeavor Catalyst, Khwarizmi Ventures, and others. This latest injection of capital brings RemotePass's total raised funds to over $10 million, complementing previous investments from BECO Capital, Wamda Capital, and more.
Founded in 2020 by Kamal Reggad and Karim Nadi, RemotePass caters to a diverse clientele, ranging from startups to global enterprises such as Spotify, Logitech, and Paymentology. By enabling seamless talent management and payment processes across borders, RemotePass empowers its clients to engage with their workforce spanning over 150 countries.
Its platform provides financial services and benefits tailored to remote workers worldwide, including versatile payout options and premium health insurance access.
Originally conceived as a business travel SaaS platform in 2019, RemotePass is working to meet the escalating demand for remote work solutions catalyzed by the COVID-19 pandemic.
In its pre-Series A round in 2021, RemotePass raised an undisclosed amount under the direction of BECO Capital. Other investors in the round included Wamda, Khawarizmi VC, Flat6Labs, Wealth Well, and a syndicate of Saudi investors.