Klasha, the Nigerian B2B fintech startup, has raised an additional $2 million in funding to provide cross-border payment services for merchants in Asia and Africa to collect and send B2B payments.
The investors include Expert Dojo, Alumni Ventures, Practical VC, Breega, My Asia VC, Resilience17, and Magic Fund. This brings Klasha’s total funding to $6.5M.
The additional investment will fuel our expansion initiatives in Asia, including opening a new office in Hangzhou, China. Klasha focuses on providing seamless cross-border B2B payment solutions between Asia and Africa through our virtual multi-currency accounts, collection, payout APIs, and cross-border wire services.
In addition to Klasha’s expansion efforts, the startup has obtained an MSB licence to operate in the United States. This license authorises Klasha to operate as a currency exchange and money transmitter in the United States.
Jess Anuna, CEO of Klasha, said, “We’re thrilled to announce our latest funding round and investment into the Asian market. We already work with merchants at scale in the region and are looking forward to expanding our capabilities there, fostering more seamless B2B payments between the two continents. With this investment and the addition of Justin Fan, we are confident that we can tap into the immense B2B payment opportunities in the Asian market and drive sustainable growth for the company.”
Brian Mac Mahon, Founder and CEO at Expert Dojo, said: ”We’re excited to re-invest in Klasha at a time when they’re rapidly scaling into B2B payments between emerging markets and Asia, providing more seamless, faster payment rails to their global merchants.”
