Loading organizations...
Klasha builds cross-border commerce solutions for African consumers and businesses, headquartered in Lagos, Nigeria, with operations in San Francisco. The company provides payment gateways, APIs, and tools like KlashaWire for seamless transactions, allowing global merchants to sell in Africa while suppliers receive payouts in their preferred currencies across over 120 countries. Klasha has raised a total of $4.5 million in seed funding, with notable investors including AMEX Ventures, Greycroft, Global Ventures, and Seedcamp, with AMEX Ventures making its first African investment. Following its May 2021 relaunch, it processed over 20,000 transactions, demonstrating 366% month-on-month growth. Founder Jessica Anuna previously held roles at Amazon, Shopify, and Net-a-Porter. Klasha was founded in 2018 by Jessica Anuna. Its business model centers on revenue from sales commissions and subscriptions for platform access, including analytics for retailers.
Klasha has raised $6.3M across 4 funding rounds.
Klasha has raised $6.3M in total across 4 funding rounds.
Klasha has raised $6.3M in total across 4 funding rounds.
Klasha's investors include 2150, Kevin Hartz, Alumni Ventures, Atomico, Entrée Capital Ventures, Eos Venture Partners, FJ Labs, Founder Collective, Mithril Capital Management, Passion Capital, Plug & Play Ventures, Seedcamp.
Klasha has raised $6.3M across 4 funding rounds. Most recently, it raised $2.0M Other Equity in October 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 16, 2024 | $2M Venture Round | — | — | Announced |
| Jun 7, 2022 | $2.1M Seed Plus | — | — | Announced |
| Oct 1, 2021 | $2M Seed | — | 2150, Kevin Hartz, Alumni Ventures, Atomico, Entrée Capital Ventures, EOS Venture Partners, FJ Labs, Founder Collective, Mithril Capital Management, Passion Capital, Plug & Play Ventures, Seedcamp, Y Combinator, Charles Delingpole, JON Moulton, Julia Hartz, TOM Blomfield, American Express Ventures, Global Ventures, Portman Wills, Team Ignite Ventures, Village Global | Announced |
| Jan 1, 2021 | $200K Seed | — | Expert Dojo | Announced |
Klasha is a fintech company building cross-border payment solutions for emerging markets, particularly Africa, enabling businesses to collect, send, and hold over 120 currencies via APIs and platforms like Klasha Checkout, Payout APIs, Collection APIs, Payment Links, and Klasha Wire.[1][2][3][4][5] It serves international merchants, enterprises, and African businesses by solving payment friction—allowing sales into Africa via local methods (cards, mobile money, M-Pesa, USSD, bank transfers) with payouts in hard currencies like USD or CNY, while offering virtual USD cards and multi-currency accounts for seamless global transactions.[1][2][4][5] Klasha demonstrates strong growth momentum, processing 140 million transactions across 6 African countries, earning recognition as one of Bloomberg's Top 25 African Startups to Watch amid declining VC funding, and securing backing from leading investors with revenue under $5 million and one funding round.[2][3][4]
Klasha was founded in 2021 by Jess Anuna, though some sources note early activity tracing to 2018, with headquarters in San Francisco, California, and operations focused on Africa.[1][2][3][4] Anuna's background in fintech drove the idea to address cross-border commerce barriers, especially between Africa, China, and the world, emerging from the need for frictionless money movement in emerging markets where currency restrictions and local payment complexities hinder global trade.[2][3][5] Early traction came from enabling international businesses to sell seamlessly into Africa, gaining momentum through API expansions for payouts and collections, and recognition like Bloomberg's list, which highlighted its resilience in a tough funding environment.[3]
Klasha rides the wave of Africa's digital economy boom, where cross-border e-commerce and trade with China/global partners are surging despite currency volatility and payment silos, timing perfectly with post-pandemic supply chain shifts and fintech maturation in emerging markets.[2][3][5] Market forces like declining VC (down 22% in Africa) favor resilient players like Klasha, which simplifies B2B/B2C flows for 6+ countries, reducing time/cost for merchants and boosting Africa's global trade participation.[3][5] It influences the ecosystem by powering enterprise payments, fostering competition (vs. Airwallex, Verto), and building infrastructure that enables startups and freelancers to compete internationally without physical cards or accounts.[1][3]
Klasha is poised for expansion, likely deepening African coverage beyond 6 countries, enhancing China-Africa corridors, and scaling enterprise adoption amid rising global trade volumes.[2][3][5] Trends like AI-driven FX, mobile money proliferation, and regulatory easing in emerging markets will accelerate its growth, potentially elevating its Bloomberg spotlight into unicorn status with more funding rounds. As cross-border fintech evolves, Klasha's API-first model positions it to redefine Africa's place in global commerce, turning payment friction into competitive edge.
