UAE-based startup RemotePass, a tech platform helping companies hire staff from around the world, has officially raised funds in a Pre-Series A round led by BECO Capital along with Wamda Capital, Khawarizmi VC, Flat6Labs, Wealth Well and a syndicate of Saudi investors.
Geographic expansion
The move follows RemotePass’s initial seed investment and comes as the start-up is increasing efforts to further enhance and streamline the process for companies to onboard and pay their remote teams around the world. The funds will be used for geographic expansion and creating a more efficient infrastructure. Companies can hire talent as independent contractors or as employees from over 120 countries in compliance with local labor laws.
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. Although the startup offers a full-stack platform, they also offer built-in integrations with multiple pieces of HR and accounting software to increase productivity.
Demand for remote talent
“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. RemotePass enables talent to work from anywhere, and the raising round has given us validation and confidence to further grow the brand. We are extremely excited and thank our investors for believing in RemotePass since day one,” said Co-founder, Kamal Reggad.
RemotePass strives to equip companies with the necessary tools to employ talent anywhere while providing their teams access to benefits and financial services regardless of their location. RemotePass currently services over global and regional companies including SWVL, Unifonic, Nas Daily and Eyewa, and assists them in managing their growing global workforce in over 120 countries.
