Ukrainian Flyer One Ventures joins $5.5M round for HRtech RemotePass

Ukrainian Flyer One Ventures joins $5.5M round for HRtech RemotePass

UAE-based startup RemotePass, which develops solutions for remote hiring, has closed a $5.5 million Series A round led by Turkish 212 VC. Ukrainian Flyer One Ventures also participated.

RemotePass is developing an HR and fintech platform that assists companies in onboarding, managing, paying, and retaining remote workers. The platform provides access to various financial services and benefits tailored to the needs of remote workers, including multiple payout options, a USD debit card, and perks such as health insurance.

Since its launch in 2020, the startup has gained clients like Spotify, Logitech, and Paymentology. RemotePasss solutions enable its customers to hire both full-time employees and contractors in over 150 countries.

Investors in the Series A round include Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15, and the Swiss Founders Fund.

“I'm glad we met the company's incredible founders Kamal Reggadand Karim N. and got to know each other. The guys are super experienced. Reggad has already sold one company, his e-commerce brainchild Hmizate. Nadi is ex-Salesforce, ex-Criteo, and ex-Krux (acquired by Salesforce),” Vital Laptenok, General Partner at Flyer One Ventures, commented on the fund’s decision to supportt RemotePass team.

The funds raised will enable RemotePass to focus on further developing its product for enterprises and onboarding more businesses in Saudi Arabia.

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