Remote

Remote is a human resource platform that focuses on providing an all-in-one solution, including payroll, benefits, compliance, and taxes across international markets. Remote offers both startups and larger enterprises a platform to hire international talent in compliance with foreign labor laws. The company sets up locally with a network of legal partners and service providers in every market, with Remote expanding to the Asia-Pacific region in September 2022. The company acts as the middleman between the business and employee (independent contractor or full-time) and acts as the employer of record (EoR), handles payroll, benefits, taxes, and visa and immigration.

Recent product launches include 1) Contractor Management Plus (January 2024), safeguarding customers against misclassification risk, including built-in global compliance and indemnity coverage of up to USD 1 million, 2) its Global HR platform (September 2023), allowing customers to consolidate their HR stack into one platform and 3) Remote Relocation, a suite of employee relocation services, and “Remote for Refugees,” a program for businesses to invest in refugee talent.

The company generates revenue through monthly subscriptions on a per user basis; remote payroll employees (USD 50-119), independent contractors (USD 29-99) and Employer of Record (USD 599).

In April 2024, the company acquired employee compliancement management firm Easop, improving the ease of offering equity to team members on a global scale.

Key customers and partnerships

Notable enterprises using Remote’s platform included DoorDash, Burger King and Aston Martin, among others.

In August 2022, Remote partnered with end-to-end HR software platform HiBob to deliver one-way data synchronization for customers of both platforms.

Funding and financials

In its latest funding round (April 2022), Remote raised ​​USD 300 million in a Series C funding round led by SoftBank Vision Fund 2, valuing the company at over USD 3 billion. The fresh funds will be used to develop new products, including contractor and global payroll platforms, and expand its service and benefits offering.