Klasha, a B2B cross-border payments platform has raised an additional $2 million in funding to provide cross-border payment services for merchants in Asia and Africa to collect and send B2B payments to and from Asia through their ecosystem of payment rails.
Expert Dojo, Alumni Ventures, Practical VC, Breega, My Asia VC, Resilience17, and Magic Fund all participated in this round. This brings Klasha’s total funding to $6.5 million.
Digging Deeper
Klasha will use the additional investment to fuel their expansion initiatives in Asia, including opening a new office in Hangzhou, China, the home of Alibaba, other major e-commerce players, and PSSPs.
What They’re Saying
Jess Anuna, CEO of Klasha, said, “We’re thrilled to announce our latest funding round and investment into the Asian market. We already work with merchants at scale in the region and are looking forward to expanding our capabilities there, fostering more seamless B2B payments between the two continents. With this investment and the addition of Justin Fan, we are confident that we can tap into the immense B2B payment opportunities in the Asian market and drive sustainable growth for the company.“
Brian Mac Mahon, Founder and CEO at Expert Dojo, said: ”We’re excited to re-invest in Klasha at a time when they’re rapidly scaling into B2B payments between emerging markets and Asia, providing more seamless, faster payment rails to their global merchants.”
Between The Lines
Klasha has also obtained an MSB license to operate in the United States. This license authorises Klasha to operate as a currency exchange and money transmitter in the United States.
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