RemotePass, an Abu Dhabi, UAE-based supplier of a HR and fintech platform, raised $5.5M in Sequence A funding.
The spherical was led by 212 VC with participation from traders within the US, Europe, and the Center East, together with Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Entry Bridge Ventures, A15, and Swiss Founders Fund. With this funding, the full capital raised by the corporate has surpassed $10M, including to earlier investments from BECO Capital, Wamda Capital, Plug & Play, and Flat6Labs.
Based by Kamal Reggad and Karim Nadi, RemotePass gives a variety of shoppers, from startups to giant enterprises like Spotify, Logitech, Paymentology, with a platform to onboard, handle, and pay their expertise base in international locations the place they don’t have an area authorized presence. The RemotePass app affords entry to a variety of monetary providers and advantages tailor-made to the wants of distant employees, together with a number of payout choices, a USD debit card, in addition to perks like medical health insurance. Other than an end-to-end contractor administration platform, RemotePass gives companies with EoR providers and relocation assist. Shoppers can rent full-time staff and contractors in over 150 international locations.
Commenting on the information, Kamal Reggad, CEO of RemotePass, stated: “This funding fuels our mission to empower numerous lives and assist international groups succeed.”
FinSMEs
05/03/2024
