Centuro Global realises truly globalised financial operations with Airwallex

Introducing Centuro Global

Centuro Global is the first all-in-one legal tech platform designed to simplify cross-border operations.

With a deep understanding of the complexities faced by expanding businesses, Centuro Global provides companies with the tools, knowledge and expertise to expand globally in any jurisdiction.  

The AI-powered platform uses machine learning to make real, human legal expertise more accessible to companies of all sizes.

By freeing companies from manual processes that make global mobility time-consuming and complicated, Centuro Global helps ambitious businesses enter new markets faster.

The Challenge

“Our business is to make business borderless,” begins Zain Ali, CEO and co-founder of Centuro Global. And that’s where it all began, back in 2019.  

As pioneers in their field, Centuro Global challenges the conventional model of global mobility, offering companies greater flexibility and affordability so that they can break free from the constraints of traditional firms. 

So when Zain heard about Airwallex, which shares a similar vision to empower modern businesses to grow beyond borders by disrupting the traditional banking system, it seemed like the perfect partnership. 

“Before discovering Airwallex, we were banking exclusively with Barclays,” explains Zain. ‘We incurred fees on every foreign transaction we made, paying as much as £50 per international transaction. As a scaling company that’s constantly expanding its client and supplier base, we needed to find a more cost-effective solution.”

Switching with Airwallex, which offers a full suite of tools to help scaling businesses expand, was the obvious choice for Centuro Global.

Zain Ali

CEO and co-founder of Centuro Global

“Before discovering Airwallex, we were banking exclusively with Barclays. We incurred fees on every foreign transaction, sometimes paying as much as £50 each time.”

The Solution

Airwallex was built for businesses like Centuro Global, a globally-mobile company, helping others to become globally-mobile themselves. 

Eliminating high-cost conversions 

One of Centuro Global’s biggest reasons for moving away from traditional banks was the high cost of foreign exchange (FX) transfers. These were costing the company up to £50 for each global transaction.

Unlike most high-street banking products, Airwallex Global Accounts allow Centuro Global to hold funds and spend them later. “Retaining funds collected in multiple currencies, and using them to pay suppliers later has eliminated the extortionate rates we were paying,” says Zain.

Seamless collection of funds 

Airwallex Global Accounts has improved Centuro Global’s cash flow and enhanced its customer service through faster processing times. 

“The ability to accept funds in multiple currencies allows us to get paid faster,” continues Zain. “This increases our global footprint and upgrades our offering. Plus, our clients get peace of mind from transacting with us in their home currency,” adds Zain. 

Borderless payments 

Airwallex has made international transactions so simple and cost-effective that Centuro Global now uses Airwallex for all its overseas payments. 

Airwallex FX and transfer services facilitate payments to suppliers across various currencies at market-leading rates. “Paying foreign currency bills from our EUR, USD or SEK Airwallex wallets allows us to save a lot of money,” comments Zain. 

The team also uses Airwallex virtual and physical VISA cards. These allow employees to make purchases in multiple currencies from held balances in Centuro Global’s accounts. Unlike most cards, Airwallex borderless cards have 0% foreign card transaction fees, making international travel financially simpler and more cost-effective. “We can issue debit cards in USD to those travelling to the USA, for example” explains Zain.  

Streamlined operations and time-savings

Using Airwallex has also streamlined Centuro Global’s accounts receivable workflows. “Using Airwallex means we’ve eliminated extra steps with our customers’ procurement teams because we hold a foreign currency account,” says Zain. ‘It’s impressive how much time we’ve saved.”

Zain Ali

CEO and co-founder of Centuro Global

“Retaining funds collected in multiple currencies, and using them to pay suppliers later has eliminated the extortionate rates we were paying.”