Klasha News

June 8, 2022

TechBooky: Nigeria’s Klasha Gets $2.1 Million In Additional Seed Funding To Scale Its Products For Cross-border Commerce In Africa

Klasha has raised $2.1 million in a seed extension round just months after the Lagos and San Francisco-based fintech company raised $2.4 million in an initial seed funding round led by Greycroft in October last year.

The Nigerian startup, which provides multiple products for the cross-border commerce space in Africa, raised this new financing from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express.

In addition to the funding, the round included Amex Ventures – its first investment in an African-focused startup. Klasha’s funding round also included Global Ventures, a leading MEA-focused venture capital firm.

The seed extension round was co-led by American Express’ venture capital arm called American Express Ventures and a group of international investors. The round also received investments from existing backers such as Greycroft, Seedcamp, Plug and Play, Breega, and Berrywood Capital.

Read more here.

Get the latest from Klasha