RemotePass Raises $17.4M Series B for Global Payroll + Embedded Fintech Platform

RemotePass, a global employment, payroll, and spend platform, raised $17.4 million in Series B funding led by EBRD Venture Capital, with participation from 500 Global and existing investors (Oraseya Capital, 212 VC, Access Bridge Ventures, Khwarizmi Ventures).

Business Metrics

• Reached profitability in early 2025 before choosing to reinvest for expansion
• 35,000+ workers across 150+ countries
• $800M+ in cross-border payroll facilitated
• Built on a "fraction of the capital raised by category leaders" — disciplined execution
• Customers include Logitech, Tata Group, InDrive, Careem

Product & Strategy

• Covers EOR, contractor management, payroll, compliance, and an embedded fintech layer
• Fintech layer provides workers with USD accounts, global cards, and health insurance
• SpendCards (launched late 2025): Embeds corporate expense cards into the same platform — collapsing payroll, contractor payments, and spend into one system
• AI agents have been deployed to automate workflows across onboarding, compliance, and support

Strategic Significance

This is the convergence play: global employment + fintech. Companies that hire across borders need financial infrastructure for those workers (accounts, cards, insurance). RemotePass collapses both into a single AI-enabled platform. The round funds expansion across Europe and the US, deeper compliance coverage, and continued AI investment.