Klasha, a Nigerian fintech startup, has secured an extra $2 million in funding to extend its business-to-business cross-border payment rails into China.
Established by Jess Anuna in 2021, Klasha has created a platform and APIs that facilitate seamless money transfers to and from emerging markets. By collecting and sending more than 120 currencies, it helps merchants save time and money.
The startup has revealed that it has secured an extra US $2 million in funding to support its plans for Asian expansion, which include setting up a new office in Hangzhou, China. Klasha currently collaborates with numerous Asian PSSPs and businesses, including the Chinese Chamber of Commerce in Yiwu, Coda Pay, Fomo Pay, and Easy Transfer.
Klasha has now secured US $6.5 million in funding from investors such as Expert Dojo, Alumni Ventures, Practical VC, Breega, My Asia VC, Resilience17, and Magic Fund.
“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,” Anuna said.
