Centuro Global secures £3.3m to fuel its AI-powered platform that simplifies the complexities of global expansion for businesses.
The software provides support in areas such as HR, legal compliance, tax, accounting, and immigration. Founder and CEO, Zain Ali, emphasizes that with Centuro Global’s platform, companies can navigate the confusing local laws, taxes, and fines that often come with global expansion without the need for costly consultancy services. Asma Bashir and Zain Ali founded the company in 2018 following Newland Chase’s exit.
By utilizing artificial intelligence, Centuro Global claims to identify the necessary visas and work permits for individuals based on factors including their duration of travel and payment location. The company reportedly has data on relocating to over 170 countries. The £3.3m funding is provided by Northern Venture Capital Trusts from Mercia, a venture capital firm.
Expansion Made Easy with ‘Expansion-as-a-Service’ Platform
According to Centuro Global, the company plans to introduce two new tools: the “expansion playbooks” that will help businesses generate a report about the expansion destination based on their requirements and the “Work From Anywhere Tool,” which HR teams can use to manage remote workers.
Adam Watts, investment manager at Mercia, commented on the trend towards remote work, stating that more companies are managing distributed teams and facing challenges with navigating complex legislation.
Centuro Global, a London-based company, aims to expand its team of 16, including management positions, before 2024 as it continues to offer its “expansion as a service” model to businesses operating overseas, enabling them to make well-informed decisions quickly.