Remofirst provides employer-of-record services that allow companies to hire employees and contractors in over 180 countries without creating local entities. The platform handles payroll, taxes, employment, compliance, work equipment, compensation planning and offers health, dental and vision insurance. Remofirst targets small- and medium-sized businesses while saying it can serve clients of all sizes; it reports thousands of customers, including Zocdoc, the World Health Organization and Mastercard. The company claims fees starting at $199 per month for employees and $25 per month for contractors, positioning itself as significantly more affordable than competitors. Remofirst attributes its lower pricing to backend efficiencies and partnering with in-country legal experts rather than setting up local entities. Its annual recurring revenue (ARR) has grown 10x since a $14.1 million seed round in September 2022, though the company declined to disclose hard revenue figures. Remofirst plans to use new capital to significantly expand its international presence, including in the United Kingdom. Remofirst provides employer-of-record services that let companies build global remote teams across 150 countries, handling onboarding, payroll, benefits, taxes and local compliance. The company was founded in 2021 by Nurasyl Serik and Volodymyr Fedoriv and is based in San Francisco, CA. Remofirst serves clients including Fortune 500 companies and leading startups. It became fully profitable in less than a year after its early financing. The company intends to use new funds to expand its team and extend its business reach. No other financial metrics were disclosed in the article.

Total raised

$39M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2024