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Global Work, Based In Warsaw, Raises $1.25M To Fight Unemployment With AI, Going Head-To-Head With LinkedIn

by THEFUTURE.TEAM

As the world adapts to the rise of AI, companies like Artisan push the narrative of “Stop hiring humans,” with layoffs becoming an all-too-common trend. However, one startup is bucking this trend by using AI to help displaced professionals and gig workers secure new job opportunities. Global Work, an AI-driven platform, is transforming the job search experience by automating applications, creating personalized resumes, and customizing cover letters, all while ensuring job vacancies are verified and relevant. This aligns with a broader global movement of AI-powered job-matching services, such as Korea’s “The Work,” which tailors recommendations based on user data.

Founded in Warsaw in 2023 by Alex Chepovoi and Alex Dyadischev, Global Work has raised $1.25 million in pre-seed funding, with additional backing from TMT Investments and Pre-Seed To Succeed. This funding brings the total raised to $1.4 million, helping the company expand its AI capabilities. Their next move? Enhancing the platform with a career guidance test and personalized interview coaching tools, will significantly support job seekers in navigating their career transitions.

Building The Future Of Remote Work: A Global Hub For Verified Opportunities

Global Work’s mission is simple yet ambitious: to create the world’s largest verified job database for remote workers, offering monthly access to over 400,000 opportunities. The platform’s seamless integration of AI ensures that the job search process is not only efficient but also tailored to individual users. As remote work continues to gain momentum globally, this platform positions itself at the cutting edge of the hiring revolution.

Alex Chepovoi’s entrepreneurial background adds credibility to Global Work’s vision. Having co-founded five companies, including Expert Remote, which successfully led a venture to acquisition, Chepovoi’s expertise in identifying market gaps led to the creation of Global Work. Reflecting on the company’s shift from B2B to B2C, he shared, “While building Expert Remote, we realized remote job seekers were struggling. We felt compelled to use AI not to replace jobs but to help people find them.”

AI-Powered Job Search: More Than Just Automation

The true value of Global Work lies in its ability to not only automate job applications but also offer verified job listings. Each job vacancy undergoes AI processing to eliminate scams, duplicates, and irrelevant postings. As Chepovoi explains, “We’re building the largest and most reliable database of remote jobs, where our AI-driven CV Builder, Cover Letter Generator, and AutoApply features ensure that users receive the most relevant job opportunities.”

AI is also playing a pivotal role in career coaching. Research shows that AI can effectively guide professionals through career transitions by analyzing data and offering tailored advice. With the introduction of a career guidance test, Global Work will further enhance its offering, helping users understand the best career paths based on their unique skills and preferences.

Through AutoApply, candidates can apply for multiple jobs with one click, as the platform automatically formats and submits applications, leaving users with more time to focus on their next steps.

Facing The Giants: Competition And Global Expansion

While competitors like Indeed, Glassdoor, and LinkedIn are also leaning into AI, Chepovoi believes that Global Work’s focus on remote work sets it apart. LinkedIn’s recent launch of AI-powered recruitment features, he notes, is something Global Work has already been offering — but with an added focus on remote-first opportunities.

Remote work is reshaping the hiring landscape. Industry analysis points to a shift toward “digital by default” and “remote-first” business models, creating an ever-expanding demand for platforms that connect global talent with remote employers. Global Work’s commitment to this shift positions it as a frontrunner in this evolving market.

A Vision For The Future: Scaling AI To Match 1 Million Remote Workers

Looking ahead, Global Work plans to enhance its AI-powered platform with new tools to support career transitions and improve the remote job search experience. Chepovoi’s goal? To match 1 million candidates to remote roles within the next five years.

The backing from TMT Investments and Pre-Seed To Succeed further solidifies Global Work’s strategic direction. Artyom Iniutin, Managing Partner at TMT Investments, notes, “Global Work is not only scaling rapidly; they’re tapping into a massive market opportunity with the help of AI, a critical trait for success in today’s dynamic environment.”

For Sergei Bogdanov, Managing Partner at Yellow Rocks, the company’s impact is undeniable: “Global Work is revolutionizing the job search market. In a startup ecosystem filled with buzz, they’re making real waves by addressing a major pain point with AI-powered solutions.”

In a world where AI is often seen as a threat to jobs, Global Work is proving that the future of work can be collaborative. Through personalized, AI-driven tools, the company is paving the way for a future where finding a meaningful career is not only easier but also smarter.

Bank of Cyprus Upgrade Signals Fresh Optimism For Greek And Cypriot Banks

by THEFUTURE.TEAM

Regional Banks Enter A More Favorable Cycle

Bank of Cyprus and Eurobank are well positioned to benefit from a renewed re-rating of Greek and Cypriot bank stocks, according to Cyprus-based investment firm Roemer Capital, which upgraded Bank of Cyprus to a buy rating and reaffirmed its positive view on Eurobank.

The firm cited easing geopolitical tensions, resilient economic growth in Greece and Cyprus, lower funding costs and Greece’s expected transition to developed-market status as the main factors supporting the sector.

Roemer Capital also lowered its cost of equity assumptions, updated its forecasts following first-quarter 2026 results and extended its valuation horizon to the end of 2027, raising target prices across its banking coverage.

Bank Of Cyprus Gets The Largest Upgrade

Bank of Cyprus received the biggest revision, with Roemer Capital upgrading the stock from hold to buy and setting a target price of €11.10, implying potential total upside of 27%.

The firm highlighted the bank’s strong capital generation, profitability and projected 100% dividend payout, describing it as the strongest capital-return story among the banks under coverage. Roemer Capital maintained its buy rating on Eurobank, assigning a target price of €4.90 and forecasting potential upside of 28%. The report said the bank is well placed to benefit from loan growth, improving operating performance and merger-and-acquisition synergies.

National Bank of Greece and Piraeus Bank also retained buy ratings, with expected returns ranging from 25% to 36%. Optima Bank was upgraded to buy, while Alpha Bank remained at hold on valuation grounds.

Why Growth Still Sets The Region Apart

According to Roemer Capital, Greek and Cypriot banks continue to benefit from stronger economic fundamentals than many western European peers. The report pointed to faster economic growth, healthier balance sheets, low levels of non-performing exposures, capital ratios approaching 20% and strong customer deposit bases.

Analysts expect performing loans across the sector to grow at a compound annual rate of 6% to 8% through 2028, supported by private investment, digitalisation, green manufacturing, supply-chain expansion and a gradual recovery in household lending.

The report also said the conclusion of lending under the EU Recovery and Resilience Facility is unlikely to materially affect credit growth, as banks have already shifted back towards traditional commercial lending. Roemer Capital expects Euribor to remain between 2.2% and 2.5%, a level it believes should support both lending activity and net interest margins.

Geopolitics, Valuation And Market Structure Support The Case

The report said improving geopolitical conditions have strengthened the investment outlook, noting that Brent crude prices have largely returned to pre-war levels while Greek government bond yields have stabilised at around 3.5%. Although geopolitical risks remain, Roemer Capital believes the likelihood of a major inflationary shock or significant pressure on bank profitability has eased.

Another important catalyst identified by the firm is Greece’s expected promotion to developed-market status by FTSE Russell, STOXX and MSCI over the coming months.

According to the report, the reclassification should improve liquidity and attract a broader base of international investors. Roemer Capital also said Euronext’s acquisition of the Athens Exchange is expected to strengthen market infrastructure and increase international visibility, particularly for Bank of Cyprus and Optima Bank.

The firm noted that Bank of Cyprus has already benefited from its Athens listing, with average daily trading value increasing from less than €400,000 before its September 2024 move to nearly €6 million afterwards.

Economic Momentum Remains A Core Tailwind

Roemer Capital said both Greece and Cyprus have moved beyond post-crisis recovery and are now supported by private-sector-led growth. For Cyprus, the report highlighted recent tax reform and efforts to simplify the legal and regulatory framework, while also noting that limited foreign banking competition continues to support domestic lenders.

Overall, Roemer Capital expects Greek and Cypriot banks to remain well-positioned for profitable loan growth over the coming years.

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