Grace Ashiru
Klasha has secured an additional $2 million in funding to enhance its cross-border B2B payment services, focusing on enabling merchants in Asia and Africa to send and receive payments through its payment rails. This round of investment, which includes support from existing backers like Expert Dojo, Alumni Ventures, Practical VC, Breega, My Asia VC, Resilience17, and Magic Fund, brings Klasha’s total funding to $6.5 million.
The fresh capital will support Klasha’s expansion into Asia, particularly with the opening of a new office in Hangzhou, China, a key hub for major e-commerce players and payment service providers like Alibaba. Klasha aims to provide seamless B2B payment solutions between Asia and Africa, utilizing its virtual multi-currency accounts, collection and payout APIs, and cross-border wire services to facilitate faster and more efficient transfers across multiple currencies.
Klasha’s CEO, Jess Anuna, expressed excitement about the latest funding round, noting the company’s growing partnerships with Asian PSSPs and businesses such as Coda Pay, Fomo Pay, Easy Transfer, and the Chinese Chamber of Commerce in Yiwu. Anuna emphasized Klasha’s commitment to further strengthening its B2B payment capabilities between the two regions. With this new funding and the addition of Justin Fan to the team, Klasha is well-positioned to tap into the opportunities within the Asian B2B payment sector.
Brian Mac Mahon, Founder and CEO of Expert Dojo, also voiced enthusiasm about reinvesting in Klasha, acknowledging the company’s potential to streamline payment processes between emerging markets and Asia.
In addition to its Asian expansion, Klasha has secured a Money Services Business (MSB) license in the United States, allowing the company to operate as a currency exchange and money transmitter within the U.S., further solidifying its status as a global payment provider.
