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    October 21, 2024

    TechPoint: Klasha raises an additional $2M to expand B2B cross-border payment rails into China

    Klasha, a leading global cross-border payments company, is thrilled to announce that it has successfully 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 Klasha’s ecosystem of payment rails. Klasha’s existing investors doubled down on their investment, renewing their confidence in the company’s vision and ability to execute in a competitive market— 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 $6.5M.

    The additional investment will fuel Klasha's expansion initiatives in Asia, including opening a new office in Hangzhou, China, the home of Alibaba, other major e-commerce players, and PSSPs. Klasha focuses on providing seamless cross-border B2B payment solutions between Asia and Africa through its virtual multi-currency accounts, collection, payout APIs, and cross-border wire services. It aims to address the evolving needs of sending and receiving payments between Asian and African markets while delivering fast terminations in a multitude of currencies at competitive prices.

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