RemotePass, a global employment and payroll platform, has raised $17.4 million in Series B funding to fuel expansion across Europe and the United States. The round was led by EBRD Venture Capital, with participation from 500 Global and existing investors including Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures.
The company, founded in 2021, provides a comprehensive suite of services enabling organizations to hire, compensate, and support remote workers across borders. Its platform covers employer of record (EOR) services, contractor management, payroll processing, compliance infrastructure, and integrated financial products.
Profitability and Market Momentum
RemotePass has achieved a notable milestone by reaching profitability in early 2025, distinguishing itself in a competitive market where many SaaS companies remain focused on growth over financial viability. The platform already serves established enterprises including Logitech, Tata Group, InDrive, and Careem, providing evidence of strong market demand for cross-border employment solutions.
Recent product developments underscore the company’s evolution beyond core payroll services. RemotePass launched SpendCards to streamline corporate expenses and introduced AI agents designed to automate workflow processes, positioning itself as a comprehensive employment technology provider rather than a single-function payroll tool.
Strategic Expansion Plans
The funding will support several key initiatives. RemotePass plans to deepen its compliance coverage across additional jurisdictions, recognizing that regulatory complexity remains a significant barrier for companies managing distributed workforces. The company will also continue investing in its financial product offerings and artificial intelligence capabilities.
Kamal Reggad, CEO and Co-Founder of RemotePass, commented on the strategic direction: “This round is about acceleration. We have the product, the traction, and now the partners to expand properly. Hiring is just the entry point. What companies actually need is a platform that supports their teams end-to-end, including the financial services that make distributed work function.”
This perspective reflects a broader market trend where employment platforms are consolidating multiple functions—from hiring through benefits management to expense handling—rather than operating as point solutions.
European Context
The investment represents continued momentum in Europe’s employment technology sector, where investor appetite remains strong despite broader tech funding challenges. EBRD Venture Capital’s participation signals institutional confidence in cross-border employment solutions, particularly as European companies increasingly build distributed teams across the continent and beyond.
RemotePass joins a growing cohort of European-born employment platforms attracting significant capital. The company’s achievement of profitability while expanding internationally offers a contrasting model to many venture-backed startups, potentially resonating with investors seeking sustainable business trajectories in the competitive SaaS landscape.
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