Klasha, a San Francisco, CA-based cross-border technology company, raised $2.4m in seed funding.
The round was led by Greycroft with participation from Seedcamp, Berrywood Capital, AVG Basecamp Fund, Practical VC, Plug and Play, First Round VC, Expert Dojo, 2.12 Angels, MiLA Capital and angels, including Joe Cross, Ex-Marketing Head at Wise (formerly TransferWise), Santosh Ankola, Ex-Head of Product at TechCrunch and Michael Pennington, Co-founder of Gumtree.
The company intends to use the funds to expand its technology to help international B2B and B2C businesses such as ASOS, Zara, Amazon or Zoom to receive payments online in African currencies from consumers across Africa, invest in driving more revenue, growing its current 10,000 customer base, and expand into new markets with three more African countries set to go live by Q4 this year.
Led by Jess Anuna, Founder and CEO, and Oloyede Oladimeji, CTO, Klasha provides core technology that allows African consumers to pay international online and offline retailers in African currencies while the retailers receive payouts in their dominant currencies, including USD, GBP, EUR. The company is currently available in Nigeria, Ghana and Kenya.
Klasha has built plugin integrations for WooCommerce, OpenCart and BigCommerce. Its integration library is growing to accommodate even more platforms, including Wix, Ecwid, Magneto and Commerce Cloud. And with an official partnership with BigCommerce, the Klasha Checkout will reach thousands of e-commerce stores globally, enabling them to receive payments online from Africa.
Within five short months of launching, Klasha has already processed more than 20,000 transactions across Africa with an average 366% MoM growth rate.
FinSMEs
07/10/2021