Klasha Business

    August 23, 2023

    Introducing our new Starter business account

    We are thrilled to announce the launch of the starter business account!

    The Starter business account offers an all-in-one payment solution for small businesses. With the ability to request payments on social media, pay global suppliers, and manage payments from one dashboard, our product makes it easy to focus on what you know best - growing your business.

    What are the benefits of a starter business account?

    1. Streamlined payment requests: Users can now generate and share payment requests directly on social media platforms instead of manually exchanging account details or struggling with traditional payment methods. This feature saves time and enhances the customer experience, enabling quick and hassle-free transactions.

    2. Centralized dashboard: Our all-in-one dashboard empowers users to manage their payments, track pending payments, and monitor transaction histories effortlessly. Say goodbye to scattered spreadsheets and tedious note-keeping—everything you need is just a click away!

    3. Security and Privacy: We are ISO27001 and PCI DSS certified. We prioritize the security and privacy of our users. Our platform employs robust encryption and data protection measures, ensuring that sensitive information remains secure.

    What can I do with a starter business account? 

    With a starter business account, you can do the following:

    1. Payment Links: A starter business account enables you to generate personalized payment links for your business. With these links, you can collect payments in African currencies like Naira, Rand, Kenyan shillings, etc, and get payouts in Naira all from one dashboard. With a few easy clicks, you can create customized payment links for your customers and share them via social media channels like WhatsApp, Instagram, or email.

    2. Naira virtual account: You can also create a naira virtual account number, receive funds in NGN directly, and transfer to other naira accounts. However, the maximum naira balance in your starter business account is N2,000,000, and the maximum daily payout is NGN400,000.

    3. International Transfers: With the starter business account, you can send funds to your suppliers or business partners overseas in your local currency. You can transact up to 1,000 USD daily. However, it has a monthly limit of 10,000 USD monthly. To transact more, you need to upgrade to a registered business account.

    4. Access virtual dollar cards for global payments: The Black Card, a virtual Visa dollar card makes it easy for businesses to pay for subscriptions like Canva, Figma, etc. The Black Card is accepted globally.

    Who can use a starter business account?

    • Freelancers

    • Entrepreneurs

    • Small business owners

    • Creative artisans

    • IG vendors 

    How to create a Starter Business account

    1. Create an account on dashboard.klasha.com

    2. Fill in your business details and provide the KYC documents

    3. Get your business approved, and voila…you’re ready to get started

    What are the KYC documents needed for a starter business account?

    • Certificate of Business Name.

    • CAC status report.

    • Application form to CAC

    • Proof of business address

    • Business owner’s ID 


    • Can a starter business account create a USD virtual account? 

    Answer: A starter business account cannot create a USD virtual account. To do this, you will need to upgrade to a corporate account

    • Can I access Klasha API keys as a starter business account? 

    Answer: To access API keys, upgrade to a corporate account. A Starter business cannot access API keys. 

    • Are there any transaction limits on the starter business account?

    Answer: Yes, there are some transaction limits, as seen below.

    Transaction limits

    Max allowed NGN balance: NGN2,000,000

    Total payout daily: NGN400,000

    Klasha wire daily limit: 1,000 USD

    KIasha wire monthly limit: 10,000 USD

    We are confident that our starter Business Account will take your business to the next level. So, if you're a freelancer, an entrepreneur, or a small business owner who sells online, sign up for our starter business account today and experience the difference!