What happened
EBRD Venture Capital, the European Bank for Reconstruction and Development’s venture capital arm, led the RemotePass Series B, and 500 Global came in as a new backer. Existing backers Oraseya Capital, Khwarizmi Ventures, 212 VC and Access Bridge Ventures also took part. RemotePass disclosed no valuation or revenue, and as of 8 November 2026 it has announced no further funding, acquisition or leadership change.
Check before acting: if RemotePass sponsors your employees’ visas in the UAE or Saudi Arabia, ask which entity holds each sponsorship and what happens to it if you change provider.
Disclosed funding now exceeds USD 27 million
Earlier rounds include a pre-Series A of undisclosed size led by BECO Capital in December 2021 and a USD 5.5 million Series A led by 212 VC in March 2024. RemotePass said then that its total funding had passed USD 10 million, so by our count disclosed funding now exceeds USD 27 million. The Next Web, citing the company’s accounting, put the total at roughly USD 23 million, about the Series A and B combined, a figure that does not reconcile with the 2024 statement.
At announcement, RemotePass put its scale at more than 35,000 workers in over 150 countries and more than USD 800 million of cross-border payroll processed. Its homepage now cites 1,000+ companies and more than USD 1 billion in payments processed. The May figure measured cross-border payroll, so the two are not a like-for-like growth number.
The company says it turned profitable in early 2025 and then chose to reinvest in growth. It has published no revenue or accounts, so that claim cannot be checked independently. We found no separate EBRD announcement as of 8 November 2026, but RemotePass’s release carries a statement from EBRD Venture Capital principal Amine Chabane, who credited the company with reaching real scale on far less money than its rivals. Deel raised USD 300 million in one round in October 2025, at a USD 17.3 billion valuation.
RemotePass is adding financial products to its payroll platform
RemotePass sells EOR, which its pricing page listed from USD 349 per employee per month on 8 November 2026, along with contractor management, contractor of record and local payroll. Workers can also get health insurance, USD accounts and global cards. In February 2026 the company announced SpendCards, corporate expense cards run from the same platform that pays staff, and it has added AI agents for onboarding, compliance and support work.
Chief executive and co-founder Kamal Reggad summed up the strategy: “Hiring is just the entry point.” In our view, that makes the way RemotePass holds client money as important to check as the way it employs people.
RemotePass says the company balance behind SpendCards sits in a dedicated, segregated account at the Development Bank of Singapore (DBS), in a trust account maintained by MatchMove Pay, with protection under Singapore’s Payment Services Act 2019. Its terms say it is not a bank, deposit-taker or escrow holder and acts as a limited payment agent only for contractors. We found no equivalent public detail on how EOR payroll funding is held.
RemotePass sponsors UAE and Saudi visas without naming the employing entity
In Dubai, the employer that offers the job is the visa sponsor and applies for the work permit through the UAE Ministry of Human Resources and Emiratization, according to the Dubai government. RemotePass says it can sponsor visas in the UAE and Saudi Arabia as part of its EOR service, with an add-on listed from USD 549 a month. It estimates 28 to 42 days for a UAE employment visa and 45 to 70 days for a Saudi iqama and work permit.
RemotePass’s UAE and Saudi pages say it acts as the employer but do not name the entity. Its terms let either RemotePass or third-party partners act as employer of record, and a job ad it posted on 4 November 2026 says its EOR partner network spans more than 160 countries and that client experience depends on those partners. Under a partner arrangement the local partner is the legal employer, so its standing affects your staff directly (our guide to owned entities versus partner networks explains the difference).
RemotePass’s pitch, as Wamda reported it (Wamda Capital is a RemotePass investor), rests on more than five years in the Middle East and North Africa and round-the-clock Arabic and English support. The stated growth targets are Europe and the US, so customers whose teams sit mainly in the Gulf should write named contacts and response times into the contract. Our UAE EOR guide and Saudi Arabia EOR guide compare the alternatives.
No deposit refund timeline or change-of-control clause is published
RemotePass’s standard EOR deposit is one month’s salary, rising if you ask for terms above the statutory minimum such as a longer notice period. Its help pages call the deposit refundable but give no refund timeline, so get one in writing before you add headcount. Our EOR security deposit guide covers what to negotiate.
The terms of service and privacy policy name RemotePass Inc., with Delaware governing law and a Boston notice address. The terms, dated 10 May 2023, contain no clause on a merger, sale or change of control, and EOR services run under a separate consultant agreement that we could not find published. Before signing or renewing, ask to see that agreement and check it for assignment and change-of-control wording, advance notice of any transfer and a right to exit without penalty. See our guide to EOR contract clauses for the wording and our RemotePass research page for the company’s published plans and terms.
RemotePass Series B FAQs
How much did RemotePass raise in its Series B?
RemotePass raised USD 17.4 million in a Series B announced on 20 May 2026. The European Bank for Reconstruction and Development (EBRD) led the round through EBRD Venture Capital, its venture capital arm. 500 Global invested for the first time, and Oraseya Capital, Khwarizmi Ventures, 212 VC and Access Bridge Ventures, all existing investors, took part again. RemotePass did not disclose its valuation or revenue.
What is RemotePass's total funding after the Series B?
RemotePass has not published a new total. Its March 2024 release said the Series A had taken total funding past USD 10 million, so adding the USD 17.4 million Series B gives more than USD 27 million by our count. A figure of roughly USD 23 million in some coverage is about the Series A and B combined and does not reconcile with that 2024 statement.
How much does RemotePass charge for EOR?
RemotePass has announced no price change since the Series B. On 8 November 2026 its pricing page listed EOR from USD 349 per employee per month, and a RemotePass guide published on 5 November 2026 puts the UK fee at USD 549 per employee per month. The standard EOR deposit is one month’s salary, more if you ask for terms above the statutory minimum.
Can RemotePass sponsor work visas in the UAE and Saudi Arabia?
Yes. Its pricing page says RemotePass can provide visa sponsorship in both countries as part of its EOR service, with a visa add-on listed from USD 549 a month. The relocation page puts a UAE employment visa at 28 to 42 days and a Saudi iqama and work permit at 45 to 70 days, and only EOR employees can use the service. Its UAE and Saudi pages do not name the employing entity.
Sources
The sources behind this story, grouped by type. Dates show when each was published or when we last checked it.
Announcements and filings
9 sourcesRemotePass (newsroom) · newsroom.remotepass.com
Published 20 May 2026
RemotePass via PR Newswire · prnewswire.com
Published 20 May 2026
RemotePass (newsroom, Arabic edition) · newsroom.remotepass.com
Published 2 Jun 2026
The Next Web · thenextweb.com
RemotePass raises $17.4m Series B from EBRD as global employment meets fintech
Published 20 May 2026
RemotePass via PR Newswire · prnewswire.com
Used by Spotify and Logitech, HR & Fintech Startup RemotePass Raises $5.5M
Published 5 Mar 2024
RemotePass (newsroom) · newsroom.remotepass.com
RemotePass Launches SpendCards to Eliminate Reimbursement Chaos for Global Teams
Published 23 Feb 2026
RemotePass (newsroom) · newsroom.remotepass.com
Checked 8 Nov 2026
RemotePass (blog) · remotepass.com
How to Sponsor a UK Skilled Worker Visa Without a UK Entity
Published 5 Nov 2026
Deel via Business Wire · businesswire.com
Deel Secures $300 Million in Series E Funding
Published 16 Oct 2025
Company pages and terms
12 sourcesRemotePass · remotepass.com
Published 10 May 2023
RemotePass · remotepass.com
Published 2 Oct 2020
RemotePass · remotepass.com
Checked 8 Nov 2026
RemotePass · remotepass.com
Relocation: visa and work permit support
Checked 8 Nov 2026
RemotePass · remotepass.com
Checked 8 Nov 2026
RemotePass · remotepass.com
Hire in Saudi Arabia with a Trusted EOR
Checked 8 Nov 2026
RemotePass Help Center · help.remotepass.com
Where is the company balance held?
Published 21 Dec 2025
RemotePass Help Center · help.remotepass.com
Will Additional Deposit be required?
Published 27 Oct 2026
RemotePass Help Center · help.remotepass.com
How to onboard full-time (EOR) employees?
Published 27 Oct 2026
RemotePass (careers, Workable) · apply.workable.com
Published 4 Nov 2026
RemotePass · remotepass.com
Checked 8 Nov 2026
Government of Dubai (dubai.ae)
Published 14 Apr 2026
Press and analysis
3 sourcesWamda · wamda.com
RemotePass secures $17.4 million Series B to accelerate global expansion
Published 20 May 2026
Staffing Industry Analysts · staffingindustry.com
EOR RemotePass secures $17M in funding
Published 20 May 2026
Wamda · wamda.com
UAE-based RemotePass raises pre-Series A round
Published 8 Dec 2021
If you spot an error or a newer source, send it through the contact page and we’ll review it.
This article reports company announcements, filings and public pages as they stood on the dates shown. It is general information, not legal, tax, accounting or financial advice. Provider terms change, so confirm the current terms in writing before you sign. Read our fact-checking standards or report a correction.
