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June 8, 2022

HindiFrost: Nigerian startup Klasha gets an additional $ 2.1 million for its cross-border trade – Techiville

Lagos and San Francisco-based Klasha has received an additional $ 2.1 million to complete its $ 4.5 million seed round. The startup, which provides multiple products for the cross-border trading space in Africa, raised this new funding from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express.

This investment is AMEX Ventures’ first in an African startup. The company led the round with Global Ventures, the MENA-focused VC that has backed companies like Tabby, Helium Health and Paymob. “I think the fact that AMEX is now investing in the continent, especially after investing in companies like Stripe, is really powerful,” Klasha CEO Jessica Anuna told Techiville, adding that the arrival of Global Ventures is also noteworthy for the company.

Investors from the first seed tranche such as Greycroft, Seedcamp, Plug and Play, Berrywood Capital and Breega doubled.

Read more here.

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