Cercli

Cercli is an AI-powered human resources and payroll management platform based in Dubai, United Arab Emirates, that automates workforce compliance, onboarding, and compensation across multiple jurisdictions. The enterprise software-as-a-service company serves organizations ranging from 25 to 1,000 employees and has processed over $100 million in employee salary distributions across 50 countries. Experiencing significant scale, the business recently reported a tenfold increase in annual revenue alongside a consistent 22% monthly growth rate. In October 2025, the company secured $12 million in Series A funding led by Picus Capital, following a previous $4 million seed round backed by Y Combinator. The platform functions as a unified system of record for regional and multinational corporations, with a corporate customer base including Huspy, Lean Technologies, and Ziina. Cercli was founded in 2023 by Akeed Azmi and David Reche.

# Cercli: Rippling for Middle East & North Africa

High-Level Overview

Cercli is a modern workforce management platform built specifically for the Middle East and North Africa region, automating payroll, compliance, employee onboarding, and offboarding through a unified AI-powered system.[1][6] Founded in 2023 by Akeed Azmi and David Reche, the UAE-based company targets mid-market enterprises struggling with fragmented HR systems and region-specific compliance challenges that global platforms fail to address.[2][3]

The company serves as a full-stack solution enabling businesses to hire, manage, and pay employees across multiple countries while adhering to local labor laws and regulations.[4] With 22% month-over-month growth and processing over $100 million in payroll across 50+ countries, Cercli has achieved remarkable traction in a market where enterprises still rely heavily on outdated ERP systems and manual spreadsheet-based processes.[6] The platform replaces legacy infrastructure with a singular system of record, positioning itself as the category leader for modern workforce management in one of the world's fastest-growing technology regions.

Origin Story

Akeed Azmi and David Reche discovered the opportunity for Cercli while working at two of MENA's largest unicorns—Kitopi and Careem.[2] Azmi, who led operations and growth at both companies, encountered firsthand the acute pain of managing global payroll across multiple jurisdictions while maintaining compliance with local regulations. As Kitopi scaled internationally, the company struggled with payroll management across different countries, forcing Azmi and his team to cobble together multiple disconnected systems to handle region-specific requirements.[2]

The founders recognized this wasn't an isolated problem but rather a $2 billion market opportunity affecting virtually every scaling enterprise in MENA.[2] While global HR platforms like BambooHR and legacy ERP systems existed, none were designed with the region's unique labor laws, compliance frameworks, and operational nuances at their core. This gap—where international solutions treated MENA as an afterthought rather than a primary market—became the founding thesis for Cercli.

Launched in January 2023, the company quickly gained validation. By September 2024, Cercli secured $4 million in seed funding led by Afore Capital, marking the San Francisco-based fund's first investment in the region.[2] The rapid progression to a $12 million Series A in October 2025, led by Germany's Picus Capital in their inaugural MENA bet, underscores the strength of the founding team's execution and market timing.[1][4]

Core Differentiators

Regional-First Architecture

Unlike global HR platforms that retrofit MENA compliance into existing systems, Cercli is built with the region at its core.[3] The platform natively handles the specific complexities of Egyptian, Saudi, and North African labor laws—including nuanced requirements like Form 1s and 6s, evolving social security regulations, and localized payroll processes that international competitors struggle to support.[3]

Unified Platform for Fragmented Workflows

Cercli consolidates hiring, payroll, compliance, reimbursements, onboarding, offboarding, and employee-of-record (EOR) arrangements into a single system.[5][7] This eliminates the need for enterprises to juggle multiple point solutions, spreadsheets, and legacy systems—a common pain point across MENA's mid-market segment.[2]

AI-Native Architecture

The platform leverages advanced artificial intelligence to automate routine HR tasks, detect compliance risks, and scale agentic capabilities.[4] This positions Cercli not as a traditional HRIS but as a modern, AI-driven system of record designed for the contemporary workforce ecosystem.[6]

Global Payroll at Scale

Cercli processes payroll across 50+ countries while maintaining MENA-specific compliance, enabling regional enterprises to manage both local and international workforces seamlessly.[6] This capability is particularly valuable for MENA companies expanding globally or managing distributed teams.

Investor Pedigree & Validation

The Series A round attracted Picus Capital—a €1 billion+ fund with deep expertise in global HR SaaS (Personio, Multiplier, Deel, JetHR)—signaling institutional confidence in Cercli's category leadership potential.[6] The syndicate also includes Y Combinator, Afore Capital, and COTU Ventures, alongside prominent angel investors from fintech and HR platforms.[1][4]

Role in the Broader Tech Landscape

Cercli is riding several powerful macro trends that make its timing exceptional. Saudi Arabia's Vision 2030 initiative is driving over $500 billion in economic projects that require modern workforce management capabilities, creating immediate demand for compliant, scalable HR infrastructure.[6] The broader MENA HR software market is projected to reach $5.8 billion, growing at a compound annual growth rate that reflects rapid digital transformation across the region.[6]

More fundamentally, Cercli represents a shift in how emerging markets approach enterprise software. Rather than waiting for global vendors to eventually localize their products, MENA-native founders are building category-defining platforms from scratch, designed for regional realities from day one. This approach—exemplified by companies like Careem and Kitopi before them—has proven more effective than retrofitting Western solutions.

The company also signals a maturing venture capital ecosystem in MENA. Picus Capital's first regional investment in Cercli, combined with the participation of established funds like Y Combinator and Afore Capital, demonstrates that institutional capital now views MENA not as a secondary market but as a primary growth engine. This capital influx will likely accelerate the emergence of other category leaders across fintech, logistics, and enterprise software.

Quick Take & Future Outlook

Cercli is positioned to become the dominant HR infrastructure layer for MENA enterprises, much as Rippling has become for North America and Europe. The company's 10x revenue growth over the past 12 months, combined with Picus Capital's validation and the region's structural tailwinds, suggests a clear path to category leadership.[6]

The Series A funding allocation—split across product development, geographic expansion, talent acquisition, and operational excellence—indicates management's intent to scale aggressively.[4] Expect Cercli to deepen penetration in Saudi Arabia and the UAE while expanding into adjacent African markets, leveraging its payroll infrastructure to cross-sell compliance and workforce analytics tools.

The critical inflection point will be whether Cercli can maintain its regional focus while expanding globally. The company's founders have already demonstrated the ability to build for MENA's unique constraints; the next test is whether that expertise translates into a globally competitive platform. If successful, Cercli could become one of the first MENA-born enterprise software companies to achieve meaningful international scale—validating the thesis that regional founders, armed with patient capital and deep local knowledge, can build world-class infrastructure companies from emerging markets.