RemotePass Raises $17.4M Series B

RemotePass, a global employment, payroll, and spend platform, has successfully raised $17.4 million in Series B funding. The round was led by the European Bank for Reconstruction and Development Venture Capital, with participation from 500 Global and existing investors including Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures. This investment will fuel RemotePass's expansion into Europe and the US, enhance its financial infrastructure for distributed teams, and accelerate its AI roadmap. Founded in 2021 by Kamal Reggad and India — Karimnagar, RemotePass reached profitability in early 2025 and has scaled to support over 35,000 workers across 150+ countries, facilitating over $800 million in cross-border payroll. The platform offers EOR, contractor management, payroll, compliance, and a fintech layer providing USD accounts, global cards, and health insurance. In late 2025, RemotePass launched SpendCards and AI agents to streamline operations for global workforces. Key customers include Logitech, Tata Group, InDrive, and Uber — Careem.