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Nigerian fintech startup Klasha has raised an additional US$2 million in funding to expand B2B cross-border payment rails into China.
Founded in 2021 by Jess Anuna, Klasha has developed a platform and APIs that allows users to move money to and from emerging markets frictionlessly. It collects and sends over 120 currencies, saving merchants time and money.
The startup has announced it has raised an additional US$2 million in funding to fuel its expansion initiatives in Asia, including opening a new office in Hangzhou, China. Klasha already works with many Asian PSSPs and companies, such as Coda Pay, Fomo Pay, Easy Transfer and the Chinese Chamber of Commerce in Yiwu.
The funding came from investors including Expert Dojo, Alumni Ventures, Practical VC, Breega, My Asia VC, Resilience17, and Magic Fund, and brings Klasha’s total secured investment so far to US$6.5 million.
“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,” Anuna said.