RemotePass, an HR and finance platform that onboards, manages, pays, and retains remote workers, raised $5.5 million in Series A investment.
Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15, and Swiss Founders Fund led the round with 212 VC and US, European, and Middle Eastern investors.
With this round, RemotePass has secured over $10 million, including investments from BECO Capital, Wamda Capital, Plug & Play, and Flat6Labs.
“Witnessing RemotePass’s extraordinary product growth and exceptional customer service since early 2023 has confirmed our conviction in their innovative team and company strategy,” says 212 VC’s managing director Ali Hikmet Karabey.
RemotePass “enables talent mobility and remote work, solving today’s workforce concerns,” he adds. “It links corporations wanting a larger talent pool with developing market talents that needed global financial solutions and procedures.”
RemotePass, founded by Kamal Reggad and Karim Nadi, helps startups and major companies like Spotify, Logitech, and Paymentology. It allows them hire, manage, and pay personnel in nations without local legal presence. Hire full-time workers and contractors in over 150 countries with RemotePass.
“Our platform helps democratize access to global possibilities, leveling the playing field for competent people and allowing them to participate in a global job economy,” says RemotePass CEO and co-founder Kamal Reggad. This support powers our aim to inspire countless lives and enable global teams flourish.”
Remote workers may get numerous compensation choices, a USD debit card, and health insurance using the RemotePass app. RemotePass offers EoR and relocation services in addition to contractor management.
“This oversubscribed fundraising round is a tribute to the company’s sound financials, great team, and significant growth potential,” says Wamda Capital founder Fadi Ghandour. “His entrepreneurial acumen, which he displayed during the pandemic when he turned the business and developed a strong startup, impressed us most at Wamda and validated our choice to sponsor Reggad and his team from creation.”
