Klasha, a Nigerian B2B payment startup, has raised $2 million in funding to drive its Asian expansion.
This latest funding, backed by existing investors such as Expert Dojo, Alumni Ventures, Breega, My Asia VC, Resilience17, and Magic Fund, brings Klashaโs total funding to $6.5 million.ย
The additional investment will fuel Klashaโs expansion initiatives in Asia, including opening a new office in Hangzhou, China, the home of Alibaba, other major e-commerce players, and PSSPs.
Klasha focuses on providing seamless cross-border B2B payment solutions between Asia and Africa through our virtual multi-currency accounts, collection, payout APIs, and cross-border wire services.ย
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Expanding Payments Options For Emerging Markets
The fintech platform addresses the evolving needs of sending and receiving payments between Asian and African markets while delivering fast terminations in many currencies at competitive prices.
โWeโre thrilled to announce our latest funding round and investment into the Asian market,โ Jess Anuna, CEO of Klasha, said. โWe already work with merchants at scale in the region and look forward to expanding our capabilities there, fostering more seamless B2B payments between the two continents. With this investment and the addition of Justin Fan, we are confident that we can tap into the immense B2B payment opportunities in the Asian market and drive sustainable growth for the company.โ
Brian Mac Mahon, Founder and CEO at Expert Dojo, said: โWeโre excited to re-invest in Klasha at a time when theyโre rapidly scaling into B2B payments between emerging markets and Asia, providing more seamless, faster payment rails to their global merchants.โ
Klasha already works with many Asian PSSPs and companies, such as Coda Pay, Fomo Pay, Easy Transfer and the Chinese Chamber of Commerce in Yiwu.
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Meet Nigerian B2B Payment Platform, Klasha
Founded in 2021, Klasha is licensed to provide cross-border payment services in six African countries: Canada, the UK, and now the US. The Nigerian Fintech startup has been at the forefront of delivering cross-border payment solutions in Africa.ย
It offers seamless cross-border payment solutions to global businesses that want to scale into Africa. With Klashaโs payables and receivables solutions, businesses can send money from Africa offshore in African currencies using African money methods, and global businesses can accept payments online from the continent in African currencies to allow frictionless payment movement between Africa and the rest of the world. Klasha is backed by American Express, Greycroft, Seedcamp, and Global Ventures.ย
The startup obtained a Money Services Business (MSB) licence from the Financial Crimes Enforcement Network (FinCEN) in the United States of America last year to solidify its position as a global payment provider. The license authorises Klasha to operate as a currency exchange and money transmitter in the United States.
