Klasha Secures $2 Million in Additional Funding to Expand Cross-Border Payments Between Asia and Africa
Klasha, a leading global cross-border payments company, has raised an additional $2 million in funding to enhance its cross-border payment services for merchants in Asia and Africa. This funding round saw participation from Klasha’s existing investors, including Expert Dojo, Alumni Ventures, Practical VC, Breega, My Asia VC, Resilience17, and Magic Fund, all reaffirming their confidence in the company’s vision and execution. With this round, Klasha’s total funding now stands at $6.5 million.
The new investment will fuel Klasha’s expansion efforts in Asia, where the company plans to open a new office in Hangzhou, China. Hangzhou is home to major e-commerce players like Alibaba and other prominent payment service providers (PSSPs), making it a strategic location for Klasha’s operations. The company’s focus is on providing seamless cross-border B2B payment solutions between Asia and Africa through its suite of services, including virtual multi-currency accounts, collection and payout APIs, and cross-border wire transfers.
Klasha is committed to addressing the growing demand for fast, efficient payment solutions between the two continents, offering terminations in multiple currencies at competitive rates. The company already works with numerous Asian PSSPs and businesses such as Coda Pay, Fomo Pay, Easy Transfer, and the Chinese Chamber of Commerce in Yiwu.
“We’re thrilled to announce our latest funding round and investment into the Asian market. We already work with merchants at scale in the region and are looking forward to expanding our capabilities, fostering more seamless B2B payments between Asia and Africa,” said Jess Anuna, CEO of Klasha. “With this investment and the addition of Justin Fan to our team, we’re confident that we can tap into the immense B2B payment opportunities in the Asian market and drive sustainable growth for the company.”
Brian Mac Mahon, Founder and CEO of Expert Dojo, expressed enthusiasm for Klasha’s rapid scaling efforts: “We’re excited to re-invest in Klasha as they expand their B2B payment services between emerging markets in Africa and Asia, providing faster and more seamless payment rails for their global merchants.”
In addition to its Asian expansion, Klasha has obtained a Money Services Business (MSB) license in the United States. This license authorizes the company to operate as a currency exchange and money transmitter in the U.S., further solidifying Klasha’s position as a global payment provider.
