Centuro Global, a London, UK-based AI-powered platform that helps companies to expand overseas –raised £3.3 million from Mercia to support its rapid growth.
The funding will enable the London-based company to further develop its platform. It also expects to more than double the size of its 16-strong team by the end of the year including several key management appointments.
Zain Ali, CEO of Centuro Global says: "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.
"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 offers businesses a quick way to comply with local regulations in areas ranging from setting up a new company to immigration, HR, legal, tax, and accounting issues. Clients range from small businesses that need one-off advice to large corporates that use it on an ongoing basis to support their operations overseas.
Company: Centuro Global (Pty) Ltd
Funding Month: April 2023
Lead Investors: Mercia
Company Website: https://www.centuroglobal.com/
Software Category: Governance, Risk Management, and Compliance (GRC) Software
About the Company: Founded in 2020 by Asma Bashir and Zain Ali, Centuro Global is an AI-powered SaaS platform that ensures a company's global expansion needs are serviced compliantly in one place. The firm centralizes all compliance requirements for everyone from startups to corporates conducting international business. With Centuro Global's platform, Centuro Connect, every step on the global expansion journey, from tax, legal, and immigration, to payroll and HR, are found in one system, allowing them to trade in any jurisdiction with ease and efficiency. The platform covers over 150 different countries and provides a cost-effective alternative to using larger consultancy firms.
Source: Pauline Rawsterne, PR Agent-Turquoise PR