Klasha receives funding of $2.1 million to support their growth

Klasha is located in Lagos and San Francisco. It has raised an additional $2.1 million to complete its $4.5million seed round. 

The fund was raised by a group including Greycroft and Seedcamp as well as Berrywood Capital and Plug and Play. It was led by American Express Ventures (AMEX) Ventures. This is the strategic investment section of American Express and Global Ventures, a MENA focused VC. 

The startup was launched in 2021. It now has approximately 45,000 customers. This is an increase of 4x since October last year. 

Klasha assists merchants around the globe in selling online to African clients and receiving payments in local African currency. They also provide super fast last-mile delivery to African customers. 

Merchants located outside Africa can use KlashaCheckout software in order to accept payments from Nigerian, Zambian, Tanzania, Uganda and South Africa. 

According to the company merchant additions are up by 20% month-over-month and transaction volumes are up by 17.5 percent. 

Klasha has been used by over 1,700 retailers to perform more than 210,000 transactions. 

Users in Nigeria, Ghana, and Kenya were able to establish virtual cards, fund them with their local currencies, and send and receive money using Klasha’s consumer product last year.

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