Klasha News

June 8, 2022

Tech Point: Klasha's extra $2.1 million seed

In October 2021, Nigerian startup, Klasha, announced that it had raised a $2.4 million seed to boost African cross-border commerce. Yesterday, June 7, 2022, the company announced an extra $2.1 million raise.

This brings the total seed raised to $4.5 million.

The round was led by American Express (AMEX) Ventures and Global Ventures, while Greycroft, Seedcamp, Plug and Play, Berrywood Capital, and Breega participated.

Previously, Jessica Anuna founded the company in 2019 to make it easier for African consumers to buy directly from global fashion retailers.

However, the company relaunched in 2021 and now offers a variety of products for the African cross-border commerce market. It also claims to address payment issues African merchants and consumers face when purchasing goods online using various payment methods.

KlashaCheckout, one of the company’s products, allows international merchants to accept payments in local currencies from six African countries — Nigeria, Zambia, Tanzania, Uganda, South Africa, and Kenya.

Read more here.

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