The Paypers: Klasha closes USD 4.5 mln seed fundraise

US and Lagos-based technology company Klasha has announced it raised an additional USD 2.1 million to complete its USD 4.5 million seed investment round. 

The funding round included Amex Ventures and Global Ventures, an MEA-focused venture capital company. Klasha will use the received investment to expand into five more African countries by the end of 2022 and re-launch its consumer app, KlashaCart, to allow African customers to shop from eligible international merchants online. 

Klasha’s core checkout technology allows consumers to pay international online merchants using African currencies and local payment methods and then ship their goods to their homes. At the same time, merchants can receive payouts in all G20 currencies and are motivated to further expand their businesses in Africa by providing them with the necessary payment tools.

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