RemotePass has received an investment of $17.4 million in series B financing, headed by EBRD Venture Capital, together with contributions from 500 Global and current investors, to help accelerate growth in its global HR, payroll, and fintech platform in Europe and America. This capital injection comes at a time when the global labor market and employment technology (fintech) are converging. This shows the need for a single platform to manage hiring, payroll, compliance, and other financial services for workers. Established in 2021, RemotePass manages over 35,000 employees across 150 countries. It has processed payroll exceeding $800 million and achieved profitability in the first quarter of 2025.
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“This round is about acceleration,” said Kamal Reggad, CEO and Co-Founder of RemotePass. “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.” Investors highlighted RemotePass’ integrated approach combining payroll, workforce management, fintech, and AI capabilities as a key differentiator in the rapidly evolving global employment technology market.
