RemotePass, the Dubai founded platform that helps companies hire and pay staff across borders, has raised 17.4 million dollars in a Series B round, one of the larger recent cheques into a UAE headquartered business software company. The round was led by EBRD Venture Capital, the venture arm of the European Bank for Reconstruction and Development, as Wamda reported when the deal was announced last month.
Who backed the round
Alongside EBRD Venture Capital, the round drew in 500 Global and existing investors including Oraseya Capital, 212 VC, Access Bridge Ventures and Khwarizmi Ventures. The company was founded in 2020 by Kamal Reggad and Karim Nadi, and it lets businesses onboard, manage and pay employees and contractors in markets where they do not have a local legal entity, according to FinTech Futures. That removes one of the more tedious barriers to hiring internationally.
The numbers behind the raise
RemotePass says it now supports more than 35,000 workers across over 150 countries and has handled more than 800 million dollars in cross border payroll payments to date. The company has grown close to four times since its 2024 Series A of 5.5 million dollars and says it turned profitable in early 2025, an unusual claim for a venture backed firm at this stage and one investors tend to reward, as TNW noted.
What the money is for
The plan for the new capital is geographic and technical. RemotePass intends to push further into Europe and the United States, build out the compliance infrastructure that global payroll demands, and invest more in AI features and financial products layered on top of its payroll rails. The presence of EBRD Venture Capital, a development finance backed investor, points the company toward European expansion in particular.
The regional read
For the Gulf, the deal is a reminder that the region's software exports are not only sovereign scale AI projects. A company built in Dubai is now selling global employment infrastructure into developed markets, and doing so while profitable. That is a quieter kind of success than a multibillion dollar data centre, but it is the sort of durable, revenue generating business the UAE has said it wants its startup ecosystem to produce.
