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Klasha News

June 8, 2022

Benjamindada: Klasha secures $2.1 million additional seed to enable cross-border commerce in Africa

Klasha has secured an additional $2.1 million to complete its $4.5 million seed round.

Four days after the launch of Klasha 2.0, Klasha announced that it had secured $2.1 million to complete its $4.5 million seed round.

This additional seed is an investment from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express. AMEX is making its African investment debut with this investment. Meanwhile, investors from the first seed tranche such as Greycroft, Seedcamp, Plug and Play, Berrywood Capital and Breega reinvested.

Founded in 2018, the Techstars backed company started as a fashion e-commerce company. It later transitioned into a company that builds payment integration for retailers. The payment API allows African consumers to buy from global retailers online in their local currencies and get their items shipped quickly to the continent. Now, Klasha is focused on Africa's cross-border payment.

Read more here.

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