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Klasha News

June 8, 2022

Eseller365: Klasha’s New Funding Fuels Expansion of Simplifying Online Shopping for African Consumers

Klasha, a San Francisco and Lagos-based technology company, is transforming cross-border African commerce that can help merchants globally to reach this fast-growing eCommerce consumer.

The company announced it raised an additional $2.1 million to complete its $4.5 million seed round.

The funding round included Amex Ventures – its first investment in an African-focused startup. Klasha’s funding round also included Global Ventures, a leading MEA-focused venture capital firm.

“We are delighted to have Amex Ventures’ investment and be backed by Global Ventures – one of the leading venture capital firms in the MEA region.”

“Klasha has the potential to drive spending by making payments simpler in emerging markets and allows merchants to scale within the continent and abroad,” said Matt Sueoka, Global Head of Amex Ventures.

“Klasha’s end-to-end check-out solution is designed specifically for key friction points faced by the African consumer including payment methods, currency acceptance, and a fragmented logistics landscape,” added Sacha Haider, Partner at Global Ventures.

Read more here.

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