UAE Startup RemotePass Raises $5.5 Mil in Series A Funding Round
The subscription-based business helps clients manage their remote workers with their comprehensive software service.
The pandemic changed the way we work – startup RemotePass wants to change the way we manage. In a world of remote workers, businesses are seeking solutions to handle the unique challenges that come from working with employees who may or may not be scattered around the globe, but are definitely not coming into an office. The startup, founded by Kamal Reggad and Karim Nadi just took a step towards even more growth, securing $5.5 million in its first funding round.
RemotePass helps companies onboard, manage, pay, and retain remote workers. Some key features that set this company apart from its competitors include features that are tailored to the unique needs of end-users all over the world. One such feature is dollar debit cards that enable users to hold funds in USD on the company’s app, protecting users from currency fluctuations.
A year before its launch, RemotePass had a very different vision, as well as a very different name: SafarPass. Originally an app that aimed to streamline business travel and expense management, this SaaS (Software as a Service) startup pivoted when it realised that the majority of corporate travel would be put on hold by the pandemic. Confronting this change in the way the world worked (in addition to confronting the challenges that came from managing their own team of remote workers), opened Reggad’s eyes to a new opportunity.
Already working with over 600 companies, some of which include names as big as Spotify and Logitech, plans to use this funding to increase the project’s enterprise readiness, or ability to handle bigger and more complicated clients. They also plan to use this funding to onboard more businesses in Saudi Arabia, the place the company has seen the most growth. Funding was led by 212 VC; other participating investors included Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15 and the Swiss Founders Fund.
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