The world of work has changed, and coupled with the world becoming a much 'smaller' places - the chances are, if you are in businesses these days, you are either vying for a global reach or your employees are scattered further than your doorstep - either way businesses need to know the local regulations in foreign lands.
London-based AI-powered platform Centuro Global helps companies to move seamlessly into new markets by helping them comply with local regulations when it comes to setting up a new company including immigration, HR, legal, tax and accounting issues.
The platform was launched in 2022 and it claims monthly revenues have grown ten-fold since. Covering over 150 different countries the platform caters for companies of all sizes and can provide a one-off advice or ongoing support for companies operating overseas.
The brainchild of founders Asma Bashir and Zain Ali, has raised £3.3 million from Mercia - from its Northern Venture Capital Trusts (VCTs). Funds will be used for platform development and double the Centuro team.
Centuro Global – an AI-powered platform that helps companies to expand overseas – has raised £3.3 million from Mercia, investing from its Northern Venture Capital Trusts (VCTs).
“Global expansion is complex, with confusing local laws, complicated taxes and hefty fines for those who fail to play by the rules. Centuro cuts through the complexity, eradicating the need for expensive consultancy services. We’re disrupting the dominance of the larger players in the market, giving ambitious businesses a simple solution that saves them time and money, reduces compliance risks and helps them win in new markets and in the war for global talent,” says Zain Ali co-founder of Centuro.
“The funding will enable us to further develop our technology and accelerate our growth as we seek to establish ourselves as a leader in the global expansion space. We believe Centuro has the potential to transform the way companies approach international markets, unlocking new opportunities and growth potential.”
“Centuro’s ‘expansion as a service’ model helps businesses operating overseas to make informed decisions quickly. The company has grown revenues rapidly since launching its platform last year and we believe it has huge potential to establish itself as a category leader in this space,” says Adam Watts, Investment Manager at Mercia.