Nigerian fintech startup Klasha has raised another $2 million to expand B2B cross-border payment channels in China.
Founded in 2021 by Jess Anuna, Klacha has developed a platform and APIs that allow users to transfer money to and from emerging markets without friction. It collects and sends over 120 currencies, saving traders time and money.
The startup announced it has raised an additional $2 million to fuel its expansion initiatives in Asia, including the opening of a new office in Hangzhou, China. Klasha already works with many Asian PSSPs and companies, such as Coda Pay, Fomo Pay, Easy Transfer and Yiwu Chinese Chamber of Commerce.
The funding comes from investors including Expert Dojo, Alumni Ventures, Practical VC, Breega, My Asia VC, Resilience17 and Magic Fund, and brings Klasha’s total secured investment so far to US$6.5 million .
“We are excited to announce our latest funding round and investment in the Asian market. We already work with large-scale merchants in the region and look forward to expanding our capabilities there, enabling smoother B2B payments between the two continents. With this investment and the addition of Justin Fan, we are confident that we can leverage the immense B2B payments opportunities in the Asian market and drive sustainable growth for the company,” said Anuna.