# Klasha Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/klasha-technologies

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.klasha.com
- Total disclosed funding: $4.5M
- Latest round: Seed (Jun 7, 2022)
- Investors on record: 13

## About

Klasha Technologies Limited is a technology firm focused on cross-border payment solutions, facilitating seamless transactions between emerging markets and global commerce, particularly for African businesses and consumers.Klasha Technologies Limited was founded in 2018 and is headquartered in San Francisco, US. The company provides payment solutions that enable businesses to engage in global trade. It has completed 8 deals to date. The latest funding round, which raised USD 2.00 mn, included investments from Alumni Ventures Group, Breega, Expert DOJO, Magic Fund, MyAsiaVC, Practical Venture Capital, and Resilience17. Jess ??? serves as both the Founder and the CEO of the company.Klasha specializes in cross-border payment solutions for emerging markets. Its offerings include Klasha Pay for accepting payments in local currencies, Klasha Wire for facilitating international fund transfers with instant payouts, Payment Links for businesses without a website, and virtual dollar cards for online transactions. Klasha supports transactions across over 120 countries, primarily serving customers in Nigeria, South Africa, Tanzania, Zambia, and Uganda, thereby addressing e-commerce and remittance challenges in these regions.Klasha generates revenue through transaction fees on its payment services. Klasha Pay charges a fee based on transaction volume, while Klasha Wire fees vary by currency and amount. The services cater to both B2B and direct-to-consumer transactions, with a focus on competitive foreign exchange rates and secure processing, ensuring a reliable payment experience for users.Klasha Technologies Limited plans to leverage its recent funding of USD 2.00 mn to enhance its product offerings and expand into new markets. Upcoming products include further enhancements to Klasha Pay and Klasha Wire aimed at streamlining user experience. The company targets expansion into more African countries and potentially into regions like Asia by the end of 2024, with a strategy to establish a stronger presence in the global payments landscape.

## Funding rounds

- Seed, Jun 7, 2022, $2.1M — Greycroft, Seedcamp, Plug and Play, American Express Ventures, Breega, Global Ventures, Berrywood Capital
- Seed, Oct 6, 2021, $2.4M — Greycroft, Seedcamp, Plug and Play, Alumni Ventures Group, MiLA Capital, Practical Venture Capital, Expert DOJO, Blue Moon, First Fund, Berrywood Capital
- Seed, date not disclosed — Alumni Ventures Group

## Investors

- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Seed
- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- MiLA Capital (https://capitalatlas.ai/funds/mila-capital) — Seed
- Practical Venture Capital (https://capitalatlas.ai/funds/practical-venture-capital) — Seed
- Expert DOJO (https://capitalatlas.ai/funds/expert-dojo) — Seed
- Blue Moon (https://capitalatlas.ai/funds/blue-moon) — Seed
- First Fund — Seed
- Berrywood Capital — Seed
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Seed
- Breega (https://capitalatlas.ai/funds/breega) — Seed
- Global Ventures (https://capitalatlas.ai/funds/global-ventures) — Seed