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June 8, 2022

Lanetaneta: Nigerian startup Klasha lands an additional $2.1 million for its cross-border trading game

Based in Lagos and San Francisco Klasha has received an additional $2.1 million to complete its initial round of $4.5 million. The startup, which offers multiple products for cross-border trade in Africa, obtained this new financing 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 firm co-led the round with Global Ventures, the MENA-focused VC that has backed the likes of 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," said Klasha's CEO. Jessica announces to TechCrunch, adding that the addition of Global Ventures is also notable for the company.

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