UAE-based payroll, employment, and spend platform RemotePass has raised $17.4 million in a Series B funding round as it looks to expand globally. 

The round was led by EBRD Venture Capital (EBRD), with existing backers Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures returning to support the fundraise alongside first-time investor 500 Global.

Founded in 2021, RemotePass enables employers to process payroll to employees across the world through a singular platform. Compliant with local labour laws, employees are provided with USD accounts and global debit cards, enabling them to withdraw money locally or hedge volatile currencies with USD. With its Ask AI solution, RemotePass also provides firms with insights on workforce trends, analysing financial and HR data.

In five years, RemotePass has expanded its presence into more than 150 countries and processed more than $800 million in cross-border payroll, growing its client base to include firms like Logitech, Tata Group, InDrive, Tabby, and Careem.

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With the new capital, RemotePass states it aims to expand into Europe and the US, while further enhancing its current regional offering and AI capabilities.

Reflecting on the latest funding round, RemotePass co-founder and CEO Kamal Reggad shares on LinkedIn that the firm has “grown nearly 4x since our last round” – its 2024 $5.5 million Series A – and adds that RemotePass “turned profitable in early 2025”.