RemotePass Raises $17.4M Series B Led by EBRD Venture Capital as Global Employment and Fintech Converge

RemotePass, a global employment, payroll, and spend platform, has successfully raised $17.4 million in Series B funding, with the round led by EBRD Venture Capital and participation from 500 Global and existing investors. The funding was announced on May 20, 2026, and comes at a critical juncture as the convergence of global employment and fintech accelerates, prompting businesses to seek integrated solutions for managing their workforce.

Founded in 2021 by Kamal Reggad and Karim Nadi, RemotePass has positioned itself as a key player in the HR and payroll sector, addressing the challenges of hiring, paying, and supporting workers across borders. The platform has gained traction in two of its fastest-growing markets, Europe and the United States, where companies are increasingly turning to RemotePass to navigate the complexities of cross-border employment. With over 35,000 workers served across more than 150 countries, RemotePass has facilitated over $800 million in cross-border payroll, demonstrating a significant market presence built on a fraction of the capital raised by its competitors.

The strategic rationale behind this funding round is to enhance RemotePass's commercial footprint in Europe and the US, as well as to deepen its investment in financial infrastructure and artificial intelligence. The company reached profitability in early 2025, a milestone that has allowed it to reinvest in its growth trajectory. The new capital will enable RemotePass to expand its product offerings, including the recently launched SpendCards, which integrate corporate expense management into the same platform that handles payroll, thereby streamlining operations for finance teams dealing with cross-border setups.

RemotePass’s unique value proposition lies in its ability to combine global payroll and financial services into a single, AI-enabled platform. This integration reduces friction for employers operating in emerging markets while simultaneously creating economic opportunities for workers. The company's focus on building a robust infrastructure that addresses the operational pain points of cross-border employment positions it favorably against traditional incumbents, which have historically underserved this market segment.

The broader implications of this funding round reflect a growing trend in the HR and fintech sectors, where companies are increasingly seeking comprehensive solutions that simplify workforce management across borders. As RemotePass continues to scale its operations and enhance its product capabilities, it is well-positioned to capture a larger share of the market, particularly as businesses increasingly prioritize efficiency and compliance in their global operations. The support from strategic investors like EBRD Venture Capital and 500 Global underscores the confidence in RemotePass's potential to lead in this evolving landscape.