NerdShala: Nigerian startup Klasha receives additional $2.1M for cross-border commerce
Lagos and San Francisco Klasha received an additional $2.1 million. complete a $4.5 million seed round. The startup, which provides several products for cross-border trading in Africa, has raised this new funding from a group of international investors co-led by American Express (AMEX) Ventures, American Express’ strategic investment group.
This is AMEX Ventures’ first investment in an African startup. The firm led the round with Global Ventures, a MENA-focused venture capital firm that has backed the likes of Tabby, Helium Health and Paymob. “I think the fact that AMEX is now investing in the continent, especially after investing in companies like Stripe, is very important,” said Klasha CEO. Jessica Anuna to TechCrunch, adding that the addition of Global Ventures is also noteworthy for the company.