San Francisco-based Klasha, a leading cross-border payments company, has raised an additional $2 million to expand its B2B payment services between Asia and Africa. This latest funding round, backed by existing investors like Expert Dojo, Alumni Ventures, and Breega, brings Klasha’s total funding to $6.5 million. The additional capital will accelerate the company’s expansion into Asia, focusing on opening a new office in Hangzhou, China, a hub for major e-commerce players and payment service providers (PSPs).
Klasha provides seamless B2B payment solutions via virtual multi-currency accounts, collection, payout APIs, and cross-border wire services. This expansion aims to enhance cross-border payment transfers between African and Asian markets, offering businesses faster, more affordable payment options. CEO Jessica Anuna expressed excitement over the new funding and the opportunity to strengthen its presence in the Asian market, citing partnerships with companies like Coda Pay and the Chinese Chamber of Commerce in Yiwu.
In addition to expanding in Asia, Klasha has secured an MSB license in the U.S., allowing it to operate as a currency exchange and money transmitter, further establishing its global footprint.
About Klasha
Klasha is a global technology company, building a platform and APIs to move money to and from emerging markets easily. Businesses can also collect, send money and hold exotic and hard currencies through its extensive API stack. Enterprise businesses use its rails and infrastructure to power their cross-border payments. Founded in 2021 by Jess Anuna, Klasha continues to innovate in cross-border payments, providing solutions for businesses across 120 currencies.
