Innovation Village: Nigeria’s Startup Klasha Secures Additional $2.1 Million in Funding to Complete $4.5 Million in Seed Round
Lagos and San-Francisco based startup transforming cross-border African commerce, Klasha, has raised an additional $2.1 million fundraise – to complete its $4.5 million seed round. The startup had secured $2.4 million in seed funding in 2021.
The funding round included Amex Ventures – its first investment in an African-focused startup. Klasha’s funding round also included Global Ventures, a leading MEA-focused venture capital firm.
Klasha will use the proceeds to expand into five more African countries in 2022 and re-launch its consumer app – renamed KlashaCart – to allow African consumers to shop from eligible international merchants online.
Klasha’s core checkout technology benefits consumers and merchants. It allows African consumers to pay international online merchants in African currencies and money methods at checkout and then have their goods shipped to the continent. Merchants receive payouts in G20 currencies and are empowered to expand into Africa by equipping them with the requisite payment tools.