By continuing, you agree to LoansJagat's Credit Report Terms of Use, Terms and Conditions, Privacy Policy, and authorize contact via Call, SMS, Email, or WhatsApp
Disclaimer: The information published on LoansJagat is intended for general informational and educational purposes only and should not be considered financial, legal, or investment advice. Interest rates, loan terms, statistics, and other data may change over time and may vary by lender or source. Please verify the latest information and consult a qualified financial advisor or the respective Bank/NBFC before making any financial decisions.
Apply for Loans Fast and Hassle-Free
Subscribe Now
About the author
LoansJagat Team
‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.
Related Blog Post
Simplify All Your Loans Into One Affordable EMI
Customers Served
Debt Consolidated
1200+ Reviews
Locations in India
Club all Loans & Credit Card Bills into Single EMI
Quick Apply Loan
Consolidate your debts into one easy EMI.
Takes less than 2 minutes. No paperwork.
10 Lakhs+
Trusted Customers
2000 Cr+
Loans Disbursed
4.7/5
Google Reviews
50+
Banks & NBFCs Offers
Other services mentioned in this article
RemotePass’s fresh Series B funding shows how global hiring, payroll, compliance and fintech tools are becoming important for India’s remote workforce.
Key Takeaways
RemotePass, a global employment, payroll and spend platform, announced on May 20, 2026 that it raised $17.4 millionin Series B funding. The round was led by EBRD Venture Capital, with participation from 500 Global, Oraseya Capital, 212 VC, Access Bridge Ventures and Khwarizmi Ventures.
For India, the short-term impact could be smoother payment access for freelancers, contractors and remote employees working with foreign companies. In the long term, such platforms can support global hiring from India. The downside remains payment charges, forex cuts, delayed settlements and documentation pressure for independent workers.
RemotePass said the funding will support expansion across Europe and the US, along with AI tools, compliance infrastructure and embedded financial services. Wamda and Tech Funding News also reported that the company is using the round to strengthen global payroll and fintech products.
The company offers Employer of Record, contractor management, payroll, onboarding, compliance, USD accounts, cards and health insurance. It also plans to push further into AI and worker-focused fintech products.
India already has a large base of gig and platform workers. A PIB release dated November 28, 2024, citing NITI Aayog’s June 2022 report India’s Booming Gig and Platform Economy, said India had 7.7 million gig and platform workers in 2020-21, projected to reach 23.5 million by 2029-30.
This growth can increase demand for reliable global payment and payroll systems. Indian software developers, content writers, designers, marketers, consultants and support teams working with overseas clients need faster onboarding, proper contracts and proof of inward remittance.
*T&C Apply
Cross-Border Delay
The positive side is that platforms like RemotePass can help foreign companies hire Indian workers without opening a local entity. The negative side is that workers must still check platform fees, forex margins, tax papers and payout timelines before depending on one channel.
RemotePass CEO and Co-Founder Kamal Reggad said the company is moving from global employment tools into a wider financial infrastructure layer for distributed teams. EBRD Venture Capital’s Amine Chabane said RemotePass reduces friction for employers hiring across emerging markets.
The practical solution for Indian workers is simple. They should use platforms that give written contracts, transparent fees, reliable payout timelines and proper documents for tax filing. For Indian startups, such tools can reduce hiring delays when building remote teams abroad.
RemotePass’s $17.4 million funding shows that global payroll is now linked with fintech, AI and compliance. For India’s freelancers and remote employees, the biggest gain will be faster payments, lower confusion and safer cross-border work.
Can Indian developers safely take remote jobs through RemotePass?
RemotePass is fine to use if the company is genuine and the offer letter is proper. Many foreign companies use such platforms when they do not have an office in India.
Before joining, check a few things properly: how the salary will be paid, which currency they will use, whether any fee will be deducted, and what tax papers they will give. Also see if the contract says employee or contractor, because tax filing can change based on that. For safety, take the offer letter and payment terms to a CA once. Do not rely only on Reddit replies.
How does working remotely actually happen day to day?
In a remote job, you do the same office work, just not from the office. Usually, the company gives tasks on email, Slack, Teams or some project app. You may have one or two calls in a day, sometimes less. Some companies want you online at fixed hours, some only ask you to finish work on time.
Salary comes to your bank account or through a payroll service. If it is a foreign company, read the contract properly before saying yes. Check payment date, currency, tax papers and whether they are hiring you as staff or contractor.
.png&w=3840&q=75)
