Global: Klasha Secures $2 Million in Funding to Expand Cross-Border Payments Between Asia and Africa

Klasha, a global leader in cross-border payments, has successfully raised an additional $2 million in funding to further enhance its services for merchants across Asia and Africa. This latest investment round included participation from Klasha’s existing backers, such as Expert Dojo, Alumni Ventures, Practical VC, Breega, My Asia VC, Resilience17, and Magic Fund. With this funding, Klasha’s total capital raised now stands at $6.5 million, underscoring strong investor confidence in the company’s vision and capabilities.

The newly acquired funds will fuel Klasha’s strategic expansion into Asia, where it plans to open a new office in Hangzhou, China—an e-commerce and fintech hub that is home to industry giants like Alibaba. This move positions Klasha to strengthen its cross-border B2B payment solutions between Asia and Africa, a region increasingly demanding efficient and reliable payment services.

Klasha’s suite of services, including virtual multi-currency accounts, collection and payout APIs, and cross-border wire transfers, is designed to simplify transactions for businesses operating across the two continents. The company already partners with notable Asian payment service providers (PSSPs) and businesses like Coda Pay, Fomo Pay, Easy Transfer, and the Chinese Chamber of Commerce in Yiwu, offering seamless transactions in multiple currencies at competitive rates.

“We are excited to announce this new funding round and our expansion into the Asian market,” said Jess Anuna, CEO of Klasha. “We’ve been working with merchants at scale in the region, and with this investment, we are poised to enhance our capabilities and support more seamless B2B payments between Asia and Africa. The addition of Justin Fan to our team further strengthens our ability to tap into the vast B2B payment opportunities in Asia.”

Brian Mac Mahon, CEO of Expert Dojo, expressed confidence in Klasha’s growth trajectory: “We are proud to reinvest in Klasha as they expand their B2B payment services between emerging markets in Africa and Asia. They are creating faster and more seamless payment infrastructures for global merchants, which is vital for the evolving digital economy.”

Additionally, Klasha has secured a Money Services Business (MSB) license in the United States, enabling it to operate as a currency exchange and money transmitter. This regulatory approval positions the company to further broaden its global footprint and continue delivering innovative cross-border payment solutions.

With its expansion into Asia and key regulatory achievements, Klasha is well-positioned to accelerate growth and drive innovation in cross-border payments between Africa, Asia, and beyond.