RemotePass raises £13m in series B led by EBRD Venture Capital with 500 Global
This article covers RemotePass, a fintech startup that has raised £13m in a series B funding round led by EBRD Venture Capital, with participation from 500 Global, Oraseya Capital, 212 VC, Access Bridge Ventures and Khwarizmi Ventures. The funding is intended to accelerate the startup’s expansion and further integrate payroll, employer-of-record and embedded financial services to support employers and distributed workforces operating across multiple jurisdictions.
RemotePass, a global employment, payroll and spend platform fintech startup, has raised £13 million in a series B funding round led by EBRD Venture Capital, with participation from 500 Global and existing backers Oraseya Capital, 212 VC, Access Bridge Ventures and Khwarizmi Ventures. The raise arrives as employment and fintech converge, and companies increasingly look for a single platform to hire, pay and provide financial services to distributed teams.
Why it matters
Remote hiring creates a knot of operational, compliance and payments problems for businesses operating across multiple jurisdictions. RemotePass says it now supports more than 35,000 workers in 150+ countries and has processed over $800 million in cross-border payroll, signalling demand for integrated employer-of-record and embedded finance services.
The company reached profitability in early 2025 before reinvesting into growth. That profitability, combined with continued product development, is why this round is positioned as an acceleration play rather than a rescue. For employers expanding across regions where local entity setup, compliance and banking infrastructure remain difficult, a single platform that bundles payroll, contractor management and financial services can materially lower friction.
Inside the product
RemotePass combines employer-of-record services, contractor management, payroll and compliance with built-in financial products such as USD accounts, global cards and health insurance. In late 2025 the company launched SpendCards, which embeds corporate expense cards into the same system used for payroll and contractor payments. The platform also uses AI agents to automate onboarding, compliance checks and support workflows.
Customers named by the company include Logitech (global hardware and peripherals), Tata Group (a multinational conglomerate), InDrive (a ride-hailing marketplace) and Careem (a regional mobility and delivery platform). These represent a mix of complex payroll needs and high-volume workforces that benefit from integrated payroll and spend tooling.
Who are the investors?
Lead investor: EBRD Venture Capital.
Participants: 500 Global, Oraseya Capital, 212 VC, Access Bridge Ventures, Khwarizmi Ventures.
EBRD Venture Capital led the series B and framed the investment as backing a company that has achieved meaningful commercial traction from an emerging-market base and is now expanding into Europe and the US. The fund highlighted RemotePass’s combination of payroll and financial products and its capital efficiency relative to larger category players.
In the announcement, Amine Chabane, Principal at EBRD Venture Capital, said:
RemotePass is uniquely integrating global payroll and financial products into a single AI-enabled experience. It lowers friction for employers operating across emerging markets while creating real economic opportunity for tens of thousands of workers. The business has reached meaningful scale on a fraction of the capital others in the category have raised - a signal of how disciplined Kamal and his team have been with execution. This is exactly the kind of company we set out to back: a team building a leading platform from an emerging-market, with the product depth and commercial momentum to compete in Europe and the US. We look forward to supporting them through the next phase of growth.
In the announcement, Amjad Ahmad, Managing Partner at 500 Global, said:
RemotePass has built a robust platform that bridges workforce management and fintech into a single integrated stack. The emerging market depth, embedded fintech layer, and early AI investment create structural advantages that are hard to replicate. We backed this exceptional team because they are executing a world-class infrastructure to solve a substantial problem as more businesses scale their workforces across borders.
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Founder perspective
In the announcement, Kamal Reggad, Co-founder & CEO at RemotePass, said:
This round is about acceleration. We have the product, the traction, and now the partners to expand properly. Hiring is just the entry point. What companies actually need is a platform that supports their teams end-to-end, including the financial services that make distributed work function.
Reggad’s comment underlines the company’s stated intention to move beyond basic hiring and deepen its embedded financial services and compliance coverage as it expands into Europe and the US.
The bigger picture
The RemotePass round sits at the intersection of two clear trends: the globalisation of workforces and the rise of embedded finance inside HR and payroll products. Investors’ interest in platforms that combine payroll, compliance and fintech functionality reflects a search for defensible infrastructure plays that can capture ongoing flows of payroll and expense spend.
For UK and European markets, the deal illustrates continued appetite for startups that can simplify cross-border employment and payments, particularly when they show efficient capital use and early profitability. As regulators and banks continue to adapt to distributed work, demand for integrated, compliant payroll-plus-finance systems is likely to remain strong among employers expanding internationally.
They've invested in RemotePass
Get to know these fintech investors
| Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|
 EBRD Venture Capital | 1 investment investment | more info | |||
 500 Startups (500 Global) | 2 investments investments | 5 contacts contacts | |||
 Oraseya Capital | 2 investments investments | more info | |||
 212 VC | 1 investment investment | more info | |||
 Access Bridge Ventures | 1 investment investment | more info | |||
 Khwarizmi Ventures | 1 investment investment | more info |
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