Nigerian fintech company Klasha has secured an additional $2 million in funding to accelerate its expansion into the Asian market, specifically China. Founded in 2021 by Jess Anuna, Klasha offers a platform and APIs that facilitate seamless cross-border payments, allowing users to move money to and from emerging markets with ease. The company supports transactions in over 120 currencies, helping merchants save both time and costs in processing payments.
With this latest funding round, Klasha plans to open a new office in Hangzhou, China, strengthening its foothold in the region. The fintech startup already collaborates with numerous Asian payment service providers (PSSPs) and companies, including Coda Pay, Fomo Pay, Easy Transfer, and the Chinese Chamber of Commerce in Yiwu.
The funding round saw participation from a diverse group of investors, including Expert Dojo, Alumni Ventures, Practical VC, Breega, My Asia VC, Resilience17, and Magic Fund. This brings Klasha’s total funding to $6.5 million since its inception.
Commenting on the company’s plans, CEO Jess Anuna said, “We’re excited to announce our latest funding and investment into the Asian market. We already have strong relationships with merchants in the region, and this expansion will allow us to enhance B2B payment solutions between Africa and Asia. With the backing of our investors and the addition of Justin Fan to our team, we’re confident we can unlock significant growth opportunities and strengthen our presence in the global payment space.”
Klasha’s expansion into China signals its ambition to tap into the growing demand for cross-border payments, particularly between Africa and Asia. The company aims to streamline B2B transactions and solidify its role as a leading player in the fintech ecosystem.
