RemotePass, UAE-based tech-startup which helps companies with effortless hiring, has secured funds in a Pre-Series A round which was led by BECO Capital, Dubai-headquartered early-stage venture capital (VC) firm.
As per the company’s statement, the fund raised from the investment round will be used for the geographic expansion and infrastructural development of RemotePass.
The investment round included participation from Wamda Capital, Khawarizmi VC, Flat6Labs, Wealth Well and a syndicate of Saudi investors. The Pre-Series A round is in line with RemotePass’s initial seed investment and comes as the startup is ramping up efforts to further enhance and streamline the process for companies to onboard and pay their remote teams globally.
With RemotePass, companies can hire talent in over 120 countries as independent contractors or as employees in compliance with local labor laws. It offers a clickthrough experience for companies to easily handle everything from compliance to payroll as well as day-to-day HR operations in a GDPR-compliant environment.
Although the startup provides a full-stack platform, for larger companies RemotePass offers built-in integrations with multiple HR and accounting software to increase productivity.
“COVID has demonstrated that there is an increase in productivity when working remotely, today we see more demand on remote talent than ever and companies who resist this change will simply miss out on talent. RemotePass enables talent to work from anywhere, and the raising round has given us validation and confidence to further grow the brand.”
RemotePass strives to equip companies with all necessary tools to employ talent anywhere while providing their teams access to benefits and financial services regardless of their location.