Nigerian Payments Starup Klasha Obtains MSB License to Operate in The United States

Klasha, a Nigerian payments company that powers African payments for global companies, has acquired a Money Services Business (MSB) license approved by the Financial Crimes Enforcement Network (FinCEN).

This license will enable Klasha to operate as a currency exchange and money transmitter in the United States.

With this MSB license, Klasha can now offer its innovative payment solutions and financial services to businesses in the United States that want to send and accept payments from Africa, carry out foreign exchange services, payment processing, and international money transfers with ease and security.

Speaking on the recent license acquired, the CEO of Klasha, Jess Anuna said,

“We are thrilled to have obtained the MSB license from FinCen as it grants us access to international markets, allowing businesses in the United States to utilize our payment solutions. This milestone represents a significant step in our mission to revolutionize cross-border payments and financial services”.

With the acquisition of the MSB license, Klasha is now poised to bring its innovative payment services to the United States, further expanding its reach and impact in the global payments market. 

Notably, Klasha’s recent MSB License, is coming after the Fintech startup in July this year, acquired an MSB license to operate in Canada, by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

So far, the MSB licenses granted to Klasha are a remarkable milestone for the company’s second quarter (Q2) growth strategy.

Founded in 2021, Klasha has provided cross-border payment services in Africa and has quickly become a leading player in the market. 

The company enables global businesses to scale into Africa seamlessly through our technology, allowing African consumers to access global goods and services using the African currencies and money methods they possess.

Klahsa currently serves over 2500 merchants in six different African countries and is a licensed PSP in multiple African countries. The payments company is backed by leading investors such as Greycroft, Seedcamp, techstars, plug-and-play, and global ventures AMEXVentures.

Klasha’s mission is to enable businesses and consumers to transact in Africa as seamlessly as experienced on other continents.