UAE’s RemotePass raises pre-series A funding

UAE-based startup RemotePass has raised funds in a pre-series A round, it announced today.

The round was led by BECO Capital with participation from Wamda Capital, Khawarizmi VC, Flat6Labs, Wealth Well and a syndicate of Saudi investors.

The tech platform is ramping up efforts to enhance and streamline the onboarding process for companies and to pay their remote teams globally. RemotePass strives to equip companies with all necessary tools to employ  anywhere, while providing their teams access to benefits and financial services regardless of their location.

RemotePass currently services more than 80 global and regional companies, assisting them in managing their growing global workforce in over 120 countries.

The investment will primarily be used for geographic expansion and building a more efficient infrastructure. RemotePass offers a clickthrough experience for companies to easily handle everything from compliance to payroll as well as day-to-day HR operations in a GDPR-compliant environment, a statement said.

For larger companies have their preferred tools in place, the startup offers built-in integrations with multiple HR and accounting softwares to increase productivity.

“Covid has demonstrated that there is an increase in productivity when working remotely, today we see more demand on remote talent than ever and companies who resist this change will simply miss out on talent,” said co-founder Kamal Reggad. “RemotePass enables talent to work from anywhere, and the raising round has given us validation and confidence to further grow the brand.”