Klasha closes USD 4.5 mln seed fundraise

Tuesday 7 June 2022 14:52 CET | News

US and Lagos-based technology company Klasha has announced it raised an additional USD 2.1 million to complete its USD 4.5 million seed investment round. 

The funding round included Amex Ventures and Global Ventures, a MEA-focused venture capital company. Klasha will use the received investment to expand into five more African countries by the end of 2022 and re-launch its consumer app, KlashaCart, to allow African customers to shop from eligible international merchants online. 

Klasha’s core checkout technology allows consumers to pay international online merchants using African currencies and local payment methods and then have their goods shipped to their homes. At the same time, merchants can receive payouts in all G20 currencies and are motivated to further expand their businesses in Africa, by providing them the necessary payment tools.

Klasha was launched in May 2021 by a team with combined experience in international ecommerce, including Amazon, PayPal, Mastercard, Shopify, and Net-a-Porter. Since its inception, the company attracted over 1,700 worldwide merchants and processed over 210,000 transactions. It’s committed to improve commerce in the continent and simplify cross-border payments and expand digital inclusion in the region.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: funding, crowdfunding, cross-border payments, cross-border ecommerce, ecommerce, ecommerce platform, online payments, digital payments, local payment method
Categories: Payments & Commerce
Companies: Klasha
Countries: Africa
This article is part of category

Payments & Commerce


Discover all the Company news on Klasha and other articles related to Klasha in The Paypers News, Reports, and insights on the payments and fintech industry:

Industry Events