Cercli Closes $4M Seed Round to Tap $2B MENA Payroll Market
TLDR
- Cercli, a MENA-based platform, secures $4 million seed round led by Afore Capital for managing global workforces efficiently
- Platform simplifies payroll, HR, and compliance for businesses through a unified interface, minimizing errors and inefficiencies
- Investment round includes notable backers like COTU Ventures, Y Combinator, Rebel Fund, and entrepreneurs from Ramp, Rappi, and Rippling
Cercli, a MENA-based platform for managing and paying global workforces, has raised $4 million in a seed round led by Afore Capital, marking the venture firm's debut in the region.
The startup enables businesses to manage payroll, contractors, HR, and compliance through a single interface, reducing the errors and inefficiencies common in legacy systems.
Other participants in the round include COTU Ventures, Y Combinator, and Rebel Fund, along with prominent entrepreneurs from Ramp, Rappi, Rippling, and Oyster.
Key Takeaways
Since its launch in 2024, Cercli claims to have experienced 25% monthly growth and processed over $23 million in employee salaries across 31 countries. The platform’s rapid expansion highlights the increasing demand for streamlined workforce solutions in the region. The funding will support Cercli's mission to streamline payroll and compliance across the MENA region, addressing a $2 billion market opportunity.
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