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

1 year 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.

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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

Stake Powers Instant Payouts With Checkout.com Pay To Card

The new feature lets investors in the UAE, KSA, and UK receive real estate returns in minutes — cutting withdrawal times to under 10 minutes.

Published

2 days ago

June 19, 2025

Nour Nasir

stake powers instant payouts with checkout.com pay to card

Stake, a leading digital real estate investment platform, has unveiled Pay to Card, a next-generation withdrawal feature built on Checkout.com’s global payment infrastructure. The integration enables investors to have dividends and returns credited directly to their bank cards — often within minutes — dramatically reducing the traditional multi-day payout process.

After a successful pilot in May involving over 200 users, some investors reported receiving their funds in under 10 minutes. Ricardo Brizido, CPTO and Co-Founder of Stake, emphasized the importance of speed and reliability: “With Pay to Card, we’re eliminating unnecessary delays and putting returns in our investors’ hands almost instantly. This feature was built to directly solve one of the most common pain points in real estate investing, and it’s already driving strong results”.

The feature launch coincides with rapid growth in real-time finance across the Middle East. Checkout.com’s “State of Digital Commerce in MENA 2025” report highlights a 388% year-on-year surge in Account Funding Transactions (AFTs) in the UAE, reflecting strong demand for immediate payout solutions. The same study recorded a 176% increase in total processing volume from 2023 to 2024 and noted that daily online transactions have jumped 320% since 2020.

Since its 2021 debut, Stake has facilitated over AED 1 billion in property transactions, advancing its mission to democratize real estate investment in high-growth markets. By integrating Pay to Card, Stake reinforces its commitment to customer-centric innovation and operational transparency.

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Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com, praised the collaboration: “Stake has always led with customer-first financial experiences. Together, we’re meeting the expectations of a region that is no longer just digital-first, but real-time-first. Pay to Card exemplifies how modern payment infrastructure can directly solve investor pain points”.

Pay to Card is now available to all Stake users in the United Arab Emirates, the Kingdom of Saudi Arabia, and the United Kingdom. By slashing withdrawal times from days to minutes, Stake and Checkout.com are setting a new standard for seamless, on-demand real estate investing.