Klasha News

June 8, 2022

Akhbar24 News: Nigerian startup Klasha gets another $2.1 million for its cross-border trading game – TechCrunch

Based in Lagos and San Francisco, Klasha received an additional $2.1 million to complete its $4.5 million funding round. The startup, which provides multiple products for the cross-border trade space in Africa, has raised this new funding from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of ‘American Express.

This investment is AMEX Ventures’ first in an African startup. The company co-led the round with Global Ventures, the MENA-focused VC that backed Tabby, Helium Health and Paymob. “I think the fact that AMEX is now investing in the continent, especially after investing in companies like Stripe, is really powerful,” the Klasha CEO said. Jessica Anuna to TechCrunch, adding that the arrival of Global Ventures is also noteworthy for the company.

Investors from its first seed tranche, such as Greycroft, Seedcamp, Plug and Play, Berrywood Capital and Breega have doubled.

Founded three years ago and launching in 2021, Klasha taps into Africa’s cross-border space in a vast e-commerce market worth over $25 billion. The startup solves payment issues faced by African merchants and consumers when paying for products online through different payment methods.

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