News

RemotePass Secures $5.5M Series A Funding, Led By 212VC

The company will use the funds to drive market expansion, improve its already award-winning app, and unlock a new phase of product innovation.

Published

11 months ago

March 6, 2024

Nour Nasir

RemotePass

RemotePass, a platform aiding companies in remote workforce management, has acquired $5.5 million in a recent Series A funding round.

The round was spearheaded by 212 VC, with contributors from the US, Europe, and the Middle East, such as Endeavor Catalyst, Oraseya Capital, Khwarizmi Ventures, Flyer One Ventures, Access Bridge Ventures, A15, and Swiss Founders Fund. With the cash injection, RemotePass’s total raised funds now exceed $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 [which] positions them as game-changers in the UAE & KSA, hubs poised for global dominance,” said Ali Hikmet Karabey, Managing Director for lead investor 212 VC.

Established by Kamal Reggad and Karim Nadi, RemotePass caters to various sectors and clients, ranging from startups to major corporations like Spotify, Logitech, and Paymentology. The platform facilitates onboarding, management, and workforce payment in countries where companies lack local legal representation. RemotePass also allows the hiring of full-time employees and contractors across 150+ nations.

“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,” explained Kamal Reggad, CEO and Co-Founder of RemotePass.

Also Read: Top 10 Best Freelance Platforms In The Middle East

Amidst the evolving global remote work trend, RemotePass has positioned itself as a leader, notably making significant gains in the MENA region. The platform is accompanied by a comprehensive “super app” delivering financial services and tailored benefits for remote workers, including varied payout options, a USD debit card, and access to premium health insurance.

Initially conceived in 2019 as a SaaS platform for business travel, RemotePass’s founders, being remote work advocates, transitioned to address the challenges of remote team management, particularly in emerging markets. The pivot, catalyzed by the COVID-19 pandemic, enabled substantial growth for the company, with a remarkable 35% month-over-month increase in the first two years, predominantly propelled by client referrals.

News

“AI Seal” Certification Now Required For Dubai Gov Partnerships

The new mandatory certification is designed to build trust in AI companies and create a reliable network of providers for government and public collaboration.

Published

21 hours ago

January 21, 2025

Nour Nasir

ai seal certification now required for dubai gov partnerships

Dubai Media Office

Dubai has introduced the Dubai AI Seal, a certification designed to establish trust in artificial intelligence (AI) companies and solutions. This initiative, directed by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister, aims to create a reliable network of AI providers which government entities and businesses can collaborate confidently.

Companies must now obtain the AI Seal to qualify for UAE or Dubai government contracts. The Dubai Centre for Artificial Intelligence (DCAI), which developed the certification, sees it as a competitive edge for companies looking to participate in key national projects. Once certified, businesses will be permitted to showcase the seal across their websites and marketing materials, signaling their credibility and dependability.

The evaluation process will consider six main criteria: the company’s services and operations, the number of employees specializing in AI, ongoing and future projects, as well as existing partnerships with public and private sector entities.

dubai ai seal certification

Khalfan Belhoul, CEO of the Dubai Future Foundation, which oversees the DCAI, commented on the initiative’s potential: “This initiative will help create powerful partnerships between the public and private sectors, locally, regionally, and globally. It will help drive new economic opportunities by leveraging AI to serve better the economy, society, and the future we aspire to”.

Also Read: Top Free AI Chatbots Available In The Middle East

The Dubai AI Seal’s goals include providing a clear framework for verifying AI providers, fostering business opportunities for AI companies, and acknowledging the industry’s strategic importance to Dubai’s economy. The initiative emphasizes AI’s role in driving economic growth, creating jobs, and strengthening collaboration between government bodies and technology firms.

All technology companies operating in Dubai and offering AI-related services or products are eligible to apply for the certification at no cost through the official website.