Nairametrics: DEAL; Nigerian startup, Klasha raises $2.1 million to improve cross-border commerce in Africa
Nigerian startup, Klasha has raised the sum of $2.1 million to expand its array of products for the cross-border commerce space in Africa. The new funding brings its total seed round to $4.5 million, having secured $2.4 million in October last year.
A group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express participated in the latest deal. Investors from its first seed tranche such as Greycroft, Seedcamp, Plug and Play, Berrywood Capital and Breega also took part.
Klasha has a suite of business- and consumer-facing products connected via one API. KlashaCheckout allows merchants outside Africa to collect payments from six countries on the continent — Nigeria, Zambia, Tanzania, Uganda, South Africa and Kenya — and get paid in G20 currencies like dollars, pounds or euros. KlashaWire allows small merchants in these six countries to pay their suppliers in their local currencies.