HR and FinTech leader RemotePass raises $5.5m to revolutionise remote employment

HR and FinTech leader RemotePass raises $5.5m to revolutionise remote employment

RemotePass, a trailblazer in the HR and FinTech sector, has successfully closed a Series A funding round, amassing $5.5m.

The funding was spearheaded by 212 VC and saw contributions from a diverse group of investors across the US, Europe, and the Middle East, including Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15, and Swiss Founders Fund.

RemotePass stands at the forefront of HR and FinTech solutions, offering a comprehensive platform that simplifies the complexities of managing remote teams. By facilitating the onboarding, payment, and retention of remote employees, RemotePass caters to companies of all sizes, enabling them to leverage global talent pools without the need for a legal entity in each country.

RemotePass’s cumulative funding has now exceeded $10m, thanks to previous rounds of investment from notable entities such as BECO Capital, Wamda Capital, Plug & Play, and Flat6Labs. This underscores the company’s robust financial foundation and its commitment to enhancing the remote work ecosystem.

Ali Hikmet Karabey, managing director at 212 VC, lauded RemotePass’s achievements, stating, “Witnessing RemotePass’s remarkable product growth and stellar customer service since early 2023 has solidified our belief in their visionary team and business model.”

Kamal Reggad, CEO and co-founder of RemotePass, echoed the sentiment of growth and opportunity, “Our platform helps democratize access to global opportunities, leveling the playing field for skilled individuals and enabling them to compete in a global job marketplace. This funding fuels our mission to empower countless lives and help global teams succeed.”

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