News Tech OK: Nigerian startup Klasha receives an additional $ 2.1 million for its cross-border trade – TechCrunch
Based in Lagos and San Francisco Klasha received an additional $ 2.1 million to complete its $ 4.5 million starting round. The startup, which provides many products for cross-border trade in Africa, raised this new funding from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express.
This investment is AMEX Ventures’ first investment in an African startup. The company runs the circle with Global Ventures, a MENA-focused venture capital that has supported such as Tabby, Helium Health and Paymob. “I think the fact that AMEX is now investing on the continent, especially after investing in companies like Stripe, is really powerful,” said Klasha CEO. Jessica Anunna to TechCrunch, adding that the arrival of Global Ventures is also remarkable for the company.
Investors from its first initial tranche, such as Greycroft, Seedcamp, Plug and Play, Berrywood Capital and Breega, have doubled.
Founded three years ago and launched in 2021, Klasha is entering Africa’s cross-border space in a huge e-commerce market worth over $ 25 billion. The startup solves the payment problems faced by African merchants and consumers when paying for products online through various payment methods.