Other28 April 2023

Centuro Global raises £3.3m from Mercia to fuel platform development and team expansion.

Mercia backed the London enterprise with a £3.3m investment to support growth and hiring.

£3.3MOther

Centuro Global operates an artificial intelligence platform that helps businesses navigate international regulations and compliance. The system covers more than 150 countries to assist with overseas expansion.

Centuro Global has secured £3.3m in funding from Mercia to support its continued expansion. The capital will be directed towards product development and expanding the team.

Launched early last year, the platform helps firms manage overseas compliance across multiple jurisdictions. The business has experienced rapid revenue growth since inception and plans to double its headcount before the end of the year.

From the founder

"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."

Zain Ali

Lawyer at Centuro Global

Investor perspective

"With the trend to ‘working from anywhere,’ more companies are finding themselves managing distributed teams and having to navigate complex legislation. 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."

Adam Watts

Investment Manager, Mercia