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.
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