RemotePass raises $17.4M to scale global payroll platform into Europe and the US
What's the deal? RemotePass, a global employment, payroll, and spend platform, has raised $17.4M in Series B funding. The round was led by the EBRD Venture Capital, with participation from 500 Global and existing investors Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures.
Founded in 2021 by Kamal Reggad and Karim Nadi, RemotePass combines hiring, payroll, compliance, and fintech tools into a single platform for distributed teams. The company says it is already profitable.
Why now? The scaleup is using the fresh capital to expand across Europe and the US — two markets where demand for global hiring infrastructure has surged as companies continue to build remote and cross-border teams. The timing aligns with a broader shift: more businesses need compliant ways to pay and manage workers in multiple jurisdictions without spinning up local entities.
What could go wrong? RemotePass enters a crowded field. Competitors like Deel, Remote, and Papaya Global have raised significantly larger rounds and already have deep footholds in Europe and the US. Breaking through in those markets will require more than a good product — it will demand aggressive go-to-market execution and brand awareness against well-funded incumbents.
Regulatory complexity is another risk. Payroll and employment compliance rules vary widely across jurisdictions, and any misstep could damage trust with clients.
The signal: The round underscores continued investor appetite for global employment infrastructure, even as venture funding has tightened elsewhere. The fact that RemotePass is profitable gives it an edge in the current climate, where capital efficiency matters more than growth at all costs.
It also reflects a maturing market: the first wave of remote-work platforms focused on signing up customers fast; the next phase rewards those that can deliver a full-stack experience — hiring, payments, compliance, and spend management — on one platform. Investors are betting that integrated solutions will win over point products as distributed work becomes the default, not the exception.
Read more: Tech.eu
