Vendor Analysis
published on Jul 09, 2025
Report Overview:
This NelsonHall vendor assessment analyzes Remofirst's offerings and capabilities as a provider of global employer of record services
Who is this Report for:
NelsonHall’s Global Employer of Record (EOR) profile on RemoFirst is a comprehensive assessment of RemoFirst’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of Global EOR services and identifying vendor suitability for Global EOR RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the Global EOR sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of RemoFirst’s Global EOR offerings, capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, challenges, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base, including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization, including the location of delivery centers.
Key Findings & Highlights:
Founded in 2021 by Nurasyl Serik and Volodymyr Fedoriv, RemoFirst helps companies build global remote teams in ~185 countries by allowing them to hire talent in countries where they do not have an entity. RemoFirst enables its services through its RemoFirst integrated platform, which supports employment contract generation, onboarding, payroll, time & expense management, and workflow management.
The company’s remote-first solutions primarily target SMBs, which comprise ~92% of its client portfolio, and include the following services:
- Employer of record
- Global payroll
- International contractors
- International private medical insurance plans via RemoHealth
- Visas & work permits
- Workforce management
- Background checks.
Since its inception, RemoFirst has raised ~$39.4m in equity funding across three funding rounds. In March 2024, the company secured $25m of Series A funding led by Octopus Ventures, with support from its three existing investors, Counterpart Ventures, Mouro Capital, and QED Investors, which also fund RemoFirst. The company offers indirect EOR services through internal staff and a network of in-country partners, providing legal and tax expertise and assuring compliance.