New Investments
UAE Startup RemotePass Secures $5.5 Million in Series A Funding for Africa Expansion
The round was led by 212 VC, with participation from Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15, and the Swiss Founders Fund.
This latest investment builds upon RemotePass’ previous funding success, which included a pre-Series A round led by BECO Capital in 2021.
The company plans to leverage the new funds to enhance its platform’s enterprise-level functionalities and expand its presence in Saudi Arabia, while focusing on product localization for diverse markets.
Founded in 2020 by Kamal Reggad and Karim Nadi, RemotePass empowers businesses to hire, onboard, manage, and pay remote workers across the globe, simplifying the complexities of international employment regulations and currency variations.
The platform currently serves an extensive client base, including renowned companies like Spotify and Logitech, facilitating remote work opportunities for individuals in over 150 countries.
This funding round coincides with a significant surge in remote work across Africa.
According to surveys, 73% of working professionals in Africa prefer remote work, with the number of tech and remote companies recruiting in the region also experiencing a staggering 800% year-on-year increase in 2022.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
IFC Commits $6 Million to First Circle Capital to Back Early-Stage Fintech Growth in Africa
Pan-African early-stage fintech fund manager First Circle Capital, backed by development partner International Finance Corporation (IFC) of the World Bank Group, has pledged up to $6 million to accelerate fintech innovation across Africa.
Mawingu Gets $20 Million Funding from PRIF II to Boost Rural Internet Expansion in Africa
Mawingu, a telecommunications firm specializing in delivering internet connectivity across rural and peri-urban East Africa, has secured a US$20 million investment from the Pembani Remgro Infrastructure Fund II (PRIF II).
Pan-African Startup Tappi Raises Funding From Renew Capital to Revolutionize Digital Marketing Solutions for African SMEs
Tappi, a rising Pan-African digital marketing startup, is poised to reshape how small and medium-sized enterprises (SMEs) establish themselves online, fueled by a recent investment from Renew Capital Angels.