How Money Fellows achieved zero contractor turnover with RemotePass
MEET THE COMPANY
Currency devaluation is a silent killer for Egyptian tech companies. For Money Fellows, watching the Egyptian pound collapse meant watching their best developers leave. Quarter after quarter. With most of their team based in Egypt, they needed a way to compete with USD-paying companies without blowing up their budget. RemotePass gave them the answer: pay contractors in stable currency, maximize take-home pay, and stop the exodus.
Achievements
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The Challenge: Developers Kept Leaving For USD Salaries
Money Fellows faced a retention crisis. As Egypt’s currency kept devaluing, their top developers were leaving for companies offering USD salaries. With 95% of Money Fellows’ 550-person team based in Egypt, they couldn’t afford to keep losing talent.
MoneyFellows needed to:
- Pay employees in stable currency (USD)
- Cut the tax and insurance burden eating into salaries
- Avoid the chaos of international payment admin
The Solution: RemotePass Contractor Management Platform
Money Fellows switched 75 contractors (scaling to 170 by Q1 2026) from manual payments to RemotePass. The platform enables USD payments, eliminating currency risk and maxing out take-home pay.
What sealed the decision:
- Better pricing than competitors
- Support that went above and beyond (Account Manager Tareq “made this project a top priority…very fast and professional”)
- Proven track record in the Egyptian market
- HR could make the decision without finance or legal sign-off
The Results: No More Retention Worries
The impact was immediate. With contractors able to receive fast payments in their preferred currency, Money Fellows went from losing developers to keeping every single one.
Key results:
- Zero turnover among contractors using the platform
- 25% more take-home pay for contractors (avoiding Egyptian taxes and insurance deductions)
- Payments reach employees in hours, not days
- Less than 10 minutes to onboard each contractor
- One monthly payment to RemotePass replaces dozens of time-consuming individual transactions
Money Fellows shared their love for RemotePass.
4.8 out of 5 stars from 2.8k reviews
We’ve had zero contractor turnover since since we started with RemotePass. The turnover was so high before because of the USD payment issue. RemotePass was a gateway to fix this pain point.
