RemotePass, a HRtech startup hailing from the UAE, has successfully raised an impressive $5.5 million in Series A funding. Leading the funding round was 212 VC, accompanied by key investors including Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15, and Swiss Founders Fund, as reported by Wamda.
This substantial financial boost is earmarked for RemotePass’s strategic expansion plans, with a primary focus on the Saudi market. The startup aims to refine its product, gearing it towards enterprise readiness, and is keen onboarding more businesses in the region, which has proven to be a hotspot for its growth.
Founded in 2020 by Kamal Reggad and Karim Nadi, RemotePass offers a distinctive solution for businesses, enabling them to manage, onboard, and pay employees without the necessity of a local legal presence. Serving both startups and large enterprises, including the likes of Logitech, RemotePass facilitates hiring for contractors and full-time employees across an impressive 150 countries.
Going beyond the basics, RemotePass’s mobile app provides tailored financial services and benefits for remote workers. This includes multiple payout options, a USD debit card, and premium health insurance. The startup also stands out for offering comprehensive contractor management, Employer of Record (EoR) services, and relocation support.
It’s worth noting that RemotePass’s journey began in 2019 under the name SafarPass, initially focusing on a SaaS platform dedicated to streamlining business travel and expense management through a dedicated app. This latest funding success follows a prior undisclosed investment round in 2021, led by BECO Capital, and featuring support from Wamda, Khawarizmi VC, Flat6Labs, Wealth Well, and a Saudi investor syndicate.
