The Nigerian fintech startup Klasha has successfully secured an additional $2 million in investment to expand its business-to-business (B2B) cross-border payment infrastructure, with a strategic focus on the Chinese market. This new funding round marks a significant step in Klasha’s mission to simplify global transactions for businesses in emerging markets.
Revolutionizing Cross-Border Payments
Founded in 2021 by entrepreneur Jess Anuna, Klasha is at the forefront of making cross-border payments easier and more efficient. The company has developed a robust platform supported by powerful APIs that enable seamless transactions across more than 120 currencies. By offering merchants a cost-effective and time-saving solution, Klasha is transforming how businesses move money across borders, particularly in regions like Africa and Asia.
Strategic Growth in China
The newly secured $2 million in funding is aimed at accelerating Klasha’s growth into Asia, with a specific focus on China. As part of this strategic move, the company plans to establish a new branch in Hangzhou, China, a key commercial hub. This expansion is backed by partnerships with several major Asian Payment Service Providers (PSSPs) and enterprises, including Coda Pay, Fomo Pay, Easy Transfer, and the Chinese Chamber of Commerce in Yiwu.
By tapping into the Chinese market, Klasha is positioning itself to better serve businesses looking for streamlined solutions in cross-border transactions between Africa and Asia.
Strong Support from Global Investors
This latest funding round attracted contributions from a diverse group of global investors, including Expert Dojo, Alumni Ventures, Practical VC, Breega, My Asia VC, Resilience17, and Magic Fund. With this additional capital, Klasha has raised a total of $6.5 million to date, reinforcing its position as a key player in the fintech space.
Founder’s Vision for Expansion
Jess Anuna, Klasha’s founder and CEO, expressed her excitement about the company’s latest funding and its ambitious venture into Asia. She emphasized that this move is part of Klasha’s broader mission to simplify cross-border commerce for emerging markets. With this fresh injection of capital, Klasha aims to build stronger connections between Africa and Asia, making it easier for businesses to navigate the complexities of cross-border payments.