RemotePass, an HR & Fintech platform that helps companies onboard, manage, pay, and retain remote workers, has secured $5.5 million in Series A funding.  The oversubscribed round was led by 212 VC with participation from investors in the US, Europe, and the Middle East, including Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15, and Swiss Founders Fund. With this funding, RemotePass's total capital raised surpasses $10 million, adding to previous investments from BECO Capital, Wamda Capital, Plug & Play, and Flat6Labs. “Witnessing RemotePass's remarkable product growth and stellar customer service since early 2023 solidified our belief in their visionary team & business model. Addressing today's workforce challenges like talent mobility and remote work RemotePass stands out as a key enabler. It connects companies seeking a broader talent pool with emerging market talents who previously lacked access to global financial solutions and processes. This disruption positions them as game-changers in the UAE & KSA, hubs poised for global dominance.” Ali Hikmet Karabey, Managing Director, 212 VC (Lead Investor) Founded by Kamal Reggad and Karim Nadi, RemotePass serves a diverse range of clients, from startups to large listed enterprises like Spotify, Logitech, Paymentology, and others around the globe, enabling them to onboard, manage, and pay their talent base in countries where they do not have a local legal presence. Its clients can hire full-time employees and contractors in over 150 countries. "Our platform helps democratize access to global opportunities, leveling the playing field for skilled individuals and enabling them to compete in a global job marketplace. This funding fuels our mission to empower countless lives and help global teams succeed." Kamal Reggad, CEO and Co-Founder, RemotePass In the evolving global landscape of remote work solutions, RemotePass has emerged as a frontrunner by capitalizing on its deep understanding of emerging markets (especially the Middle East and Africa) and offering a comprehensive suite of benefits through its innovative super app.  This app offers easy access to a range of financial services and benefits tailored to the needs of remote workers in the global marketplace, including multiple payout options, a USD debit card, and easy access to perks like premium health insurance. Apart from an end-to-end contractor management platform, RemotePass provides businesses with EoR services and relocation support.  “We are thrilled with the progress and traction that RemotePass has shown in its few years of operation. The oversubscribed funding round is a testament to the company’s robust financials, strong team, and high growth potential. What impressed us most at Wamda, and what confirmed our decision to back Kamal and his team since inception, is his entrepreneurial capability, which he demonstrated during the difficult days of the pandemic when he pivoted the company and subsequently built a great startup” - Fadi Ghandour, Founder, Wamda Capital Speaking of the pivot, RemotePass was incorporated in 2019 as a business travel SaaS platform. Having operated as a remote-first company since its inception, the founding team had first-hand experience with the challenges of hiring and managing remote teams — especially in emerging markets. The company seized the opportunity to pivot during the COVID-19 pandemic as the world began to embrace remote working at scale. This strategic shift unlocked a remarkable 35% month-over-month growth for the first two years, primarily driven by referrals from satisfied clients “The beauty of serial entrepreneurs like Kamal is that their impact doesn’t stop at their first company. We are so happy to support his journey since Hmizate (his earlier venture) and now with RemotePass as a remote company coming out of the UAE,” - Margaret Pollack, Head of Capital and Investments, Endeavor Catalyst.

Coinciding with Cybersecurity Awareness Month, RemotePass, the UAE’s leading platform for managing remote teams, has announced that it has achieved the SOC 2 Type II certification, highlighting its dedication to maintaining the highest standards of data security and that its clients’ sensitive information, including payroll and personal details, is managed with utmost care and the highest security measures.SOC 2 Type II is a widely-recognized certification within the technology and cloud computing domains, managed by the American Institute of Certified Public Accountants (AICPA). It focuses on a company's ability to manage data securely and uphold privacy and confidentiality. Achieving this certification requires a thorough independent audit spanning six months, examining a company’s adherence to stringent criteria that relate to security and operational processes.The certification, which is often a prerequisite for business with public and regulated entities, is vital for RemotePass, enhancing its competitiveness and ability to acquire business. The rigorous assessment and audit enable the company to identify, address vulnerabilities, and enhance its security framework, safeguarding sensitive data. Achieving and maintaining this certification enhances the company’s market standing, credibility, and trust among existing and prospective clients and partners.Kamal Reggad, Co-Founder and CEO of RemotePass, commented, "Securing the SOC 2 Type II certification is not just another badge for RemotePass, but a promise to our clients and remote teams that their data is in safe hands. Our team works tirelessly to ensure that our client’s data is handled with the utmost security and precision. This certification echoes our continuous commitment to providing a platform that businesses can trust, ensuring that every transaction and piece of information is safeguarded with the highest security standards.”Since RemotePass achieved SOC 2 Type I certification in 2022, it has refined RemotePass's internal processes, incorporating regular audits, enhanced security measures, and comprehensive training programs to uphold and elevate its data protection and compliance measures. This recognized standard bolsters confidence in RemotePass's services, giving teams the confidence that their information is secure while they work towards their objectives.Maintaining and enhancing credibility remains a steadfast focus, with RemotePass not only pursuing its SOC 2 Type II certification annually but also exploring other relevant certifications. To ensure enduring compliance, RemotePass employs continuous monitoring, regular internal audits, and swift improvements to its processes.To highlight its commitment to secure remote work solutions, RemotePass will also participate in the upcoming Expand North Star Dubai during GITEX Global 2023.