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June 8, 2022

The Alike: Nigerian startup Klasha receives extra $2.1M for cross-border commerce

Lagos and San Francisco Klasha acquired a further $2.1 million. complete a $4.5 million seed round. The startup, which gives a number of merchandise for cross-border buying and selling in Africa, has raised this new funding from a bunch of worldwide traders co-led by American Express (AMEX) Ventures, American Express’ strategic funding group.

This is AMEX Ventures’ first funding in an African startup. The agency led the spherical with Global Ventures, a MENA-focused enterprise capital agency 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 very important,” stated Klasha CEO. Jessica Anuna to Thealike, including that the addition of Global Ventures can also be noteworthy for the corporate.

First seed traders resembling Greycroft, Seedcamp, Plug and Play, Berrywood Capital and Breega have doubled their funding.

Founded three years in the past and launched in 2021, Klasha is coming into Africa’s cross-border house in an enormous e-commerce market value of over $25 billion. The startup is addressing the fee challenges that African retailers and shoppers face after they pay for items online utilizing quite a lot of fee strategies.

Read more here.

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