The Dubai-founded global employment and payroll platform reached profitability in early 2025 before taking the round. EBRD Venture Capital led; 500 Global is the new strategic name alongside.\
RemotePass, the global employment, payroll, and spend platform co-founded by Kamal Reggad and Karim Nadi, has raised $17.4m in Series B funding led by EBRD Venture Capital, the company said on Tuesday. 500 Global joins the round as a new strategic investor, alongside returning backers Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures.
The round comes 14 months after the company’s $5.5m Series A in March 2024 led by 212 VC, and takes total funding to roughly $23m on the company’s accounting of prior rounds.
The structural detail in the announcement is the profitability claim. RemotePass reached profitability in early 2025 and reinvested the operating-leverage runway in expansion rather than banking it.
Profitable HR-and-payroll-tech companies are unusual in the current vintage; the category is dominated by venture-scale platforms (Deel, Remote, Rippling, Velocity Global) operating on negative unit economics underwritten by repeated late-stage rounds. RemotePass is positioning itself as the discipline-led entrant.
