RemotePass Raises $17.4M Series B to Scale MENA Payroll Platform

The Dubai-founded workforce management platform has closed a $17.4 million Series B round led by EBRD Venture Capital. The round included participation from 500 Global, Oraseya Capital, 212 VC, Access Bridge Ventures, Khwarizmi Ventures, BECO Capital, Endeavor Catalyst, and Wamda Capital.

The raise underscores a broader shift in the global employment sector, where platforms are moving beyond basic compliance admin and embedding financial services to stay competitive in cross-border workforce management.

While many Western competitors have struggled to navigate complex regulatory environments in emerging markets, RemotePass has spent five years building localized payment rails and compliance infrastructure across the Middle East and North Africa.

The company offers round-the-clock customer support in Arabic and English, and has built expertise in specialized labor frameworks unique to the region. This localized approach gives it an edge over global incumbents that lack deep roots in MENA jurisdictions.

RemotePass addresses financial instability faced by contractors and distributed teams in markets with volatile currencies and high inflation. The platform offers several tools designed to protect workers' purchasing power:

• Direct access to US Dollar (USD) accounts
• Physical and digital global debit cards for local transactions
• Premium health insurance to provide corporate-grade stability

These embedded fintech features serve as a talent retention mechanism for regional companies including Tabby and Careem, as well as multinational clients such as Logitech, Tata Group, and InDrive.

RemotePass stands out for its capital discipline. In a sector where rivals routinely burn hundreds of millions to acquire market share, the company achieved net profitability in early 2025 thanks to strong unit economics.

The platform now supports more than 35,000 workers in over 150 countries and has facilitated more than $800 million in cross-border payroll transactions—on a fraction of the capital raised by category leaders.

This round is about acceleration. Building a globally competitive platform from the region, in a market that incumbents underestimated, is something we are incredibly proud of. We know this region better than anyone, and we have built the financial tools that workers here actually need… Now, we are taking that depth global.

Those words came from Kamal Reggad, CEO and co-founder of RemotePass.

The fresh capital will fund commercial expansion into Europe and the United States, alongside deeper compliance localization. But the company's long-term competitive moat lies in its integrated software stack.

In late 2025, RemotePass launched SpendCards, a unified workspace that merges contractor payments, traditional payroll, and corporate expense cards into a single platform. The company has also deployed autonomous AI agents to handle onboarding, compliance workflows, and tiered customer support.

Amine Chabane, principal at EBRD Venture Capital, pointed to this operational execution as a key driver of the investment decision.

RemotePass is uniquely integrating global payroll and financial products into a single AI-enabled experience. The business has reached meaningful scale on a fraction of the capital others in the category have raised—a signal of how disciplined Kamal and his team have been with execution.