The Nigerian fintech startup, Klasha, has successfully secured an additional $2 million in investment to bolster its business-to-business (B2B) cross-border payment infrastructure with a focus on the Chinese market. Established in 2021 by entrepreneur Jess Anuna, Klasha is at the forefront of simplifying the process of transferring funds across emerging markets. The company has engineered a robust platform complemented by APIs that enable seamless transactions involving over 120 different currencies, offering merchants a cost-effective and time-saving solution.
Klasha’s recent announcement highlighted the procurement of $2 million in funding aimed at propelling the company’s growth ambitions in Asia. This strategic move includes the establishment of a new branch in Hangzhou, China. Klasha has already established partnerships with several Asian Payment Service Providers (PSSPs) and enterprises, including notable names like Coda Pay, Fomo Pay, Easy Transfer, and the Chinese Chamber of Commerce located in Yiwu.
The latest funding round attracted contributions from a consortium of investors, including Expert Dojo, Alumni Ventures, Practical VC, Breega, My Asia VC, Resilience17, and Magic Fund. With this injection of capital, Klasha’s total investment to date has reached $6.5 million.
Jess Anuna expressed excitement about the new funding and the company’s venture into the Asian market, stating;
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.
