$17.4M Series B · Global Employment Platform

What they're building

RemotePass does three things for companies that employ people across borders. The HR layer: EOR (Employer of Record) services, contractor management, localized contracts, onboarding with identity verification and document collection, and mass international payroll across 150+ countries in 80+ currencies. The fintech layer: USD-denominated accounts for workers, SpendCards for expense management, and multi-currency payment options including bank transfer, Wise, PayPal, and Payoneer. The AI layer: recently launched AI agents that automate onboarding and compliance workflows, with a product roadmap explicitly accelerating this. The product positioning is specific. Incumbents, Deel, Remote.com, Rippling, have dominated the US and Western European market for tech companies hiring globally. RemotePass's claim is that those platforms have underserved the harder cases: companies in GCC, MENA, and emerging markets hiring across complex compliance environments, or companies hiring in countries where local banking infrastructure, entity setup, and payroll compliance create genuine legal and operational obstacles. RemotePass has $800M in cross-border payroll facilitated and 35,000 workers on platform. Customers include Logitech, Tata Group, InDrive, Careem, Spotify, and government agencies.

Why this matters

The global employment platform market is not crowded in the markets RemotePass competes hardest in. Deel raised $500M+ and is valued at $12B. Remote.com raised $300M+. Both are primarily built around US and Western European companies expanding into tech talent markets. RemotePass built from Dubai outward, which gave it native fluency in the GCC and MENA compliance environments, the employer-employee legal structures, the banking rails, and the payment preferences that US-headquartered platforms bolt on as an afterthought. The profitability signal is the most important detail in the round. RemotePass reached profitability in early 2025, before this fundraise, on $23M in total prior capital. Deel spent $500M to get to its current scale. That capital efficiency ratio is the moat argument: RemotePass has figured out how to run this business profitably in hard markets before adding the fuel. EBRD Venture Capital's mandate is to back businesses with sustainable economics in developing and emerging markets. The fact that they led this round, rather than a US or UK growth fund, is a precise signal about where the commercial expansion will concentrate. 500 Global's strategic participation is the US and global market signal. Their managing partner Amjad Ahmad named three specific structural advantages: "emerging market depth, embedded fintech layer, and early AI investment." That is a description of the product architecture that RemotePass already has and that US-based incumbents do not.