June 8, 2022
Startup Lagos: Klasha raises an additional $2.1 million to enhance its cross-border commerce play
Klasha, a San Francisco and Lagos-based technology company transforming cross-border African commerce, announces an additional $2.1 million in funding to complete its $4.5 million seed round. The funding round was led by Amex Ventures, which marks its first investment in an African startup. The round was also backed by Global Ventures, a leading MENA-focused venture capital firm with investments in Helium Health, Paymo, and Tabby.
The company was founded in May 2021, with a team of combined expertise across global multinationals like Paypal, Amazon, Mastercard, Shopify, etc. The startup is focused on easing payment challenges between African merchants and consumers in purchasing products online, through different payment options. It connects its various products via one API that allows merchants to collect payments from six African countries, namely, Nigeria, Zamia, Tanzania, Uganda, South Africa, and Kenya.