Klasha, a leading global cross-border payments company, has raised an additional $2 million in funding to enhance its cross-border payment services for merchants in Asia and Africa.
The funding round saw participation from Klasha’s existing investors, including Alumni Ventures, Practical VC, Breega, Expert Dojo, My Asia VC, Resilience 17, and Magic Fund, all reaffirming their confidence in the company’s vision and ability to execute in a competitive market.
With this new round, the total funding raised now stands at $6.5 million. The new investment will fuel Klasha’s expansion into Asia, including a new office in Hangzhou, China, as the company continues to provide seamless B2B payment solutions across both continents.
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Commenting on the funding round, Klasha CEO/founder Jess Anuna said,
“We’re thrilled to announce our latest funding round and investment into the Asian market. We already work with merchants at scale in the region and are looking 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.”
Also speaking on the funding round, Brian Mac Mahon, Founder and CEO of Expert Dojo, expressed enthusiasm for Klasha’s rapid scaling efforts.
In his words,
“We’re excited to re-invest in Klasha as they expand their B2B payment services between emerging markets in Africa and Asia, providing faster and more seamless payment rails for their global merchants.”
Klasha is committed to addressing the growing demand for fast, efficient payment solutions between the two continents, offering terminations in multiple currencies at competitive rates. The company already works with numerous Asian PSPs and businesses such as Coda Pay, Fomo Pay, Easy Transfer, and the Chinese Chamber of Commerce in Yiwu.
Founded in 2021 by Jess Anuna, Klasha collects and sends over 120 currencies, saving merchants time and money. The company focuses on providing seamless cross-border B2B payment solutions between Asia and Africa through its virtual multi-currency accounts, collection, payout APls, and cross-border wire services. Klasha aims to address the evolving needs of sending and receiving payments between Asian and African markets while delivering fast terminations in a multitude of currencies at competitive prices. It has a global country and payment coverage in Nigeria, Kenya, Tanzania, South Africa, Sierra Leone, Uganda, Zambia, and the USA.
Currently, Klasha serves over 10,000 merchants and has processed more than 140 million transactions across emerging markets. The company is backed by renowned investors which include global ventures, Techstars, Greycroft, and Seedcamp, amongst others.