ShareKlasha has secured an additional $2 million in funding to enhance its cross-border B2B payment services, focusing on enabling merchants in Asia and Africa to send and receive payments through its payment rails. The fresh capital will support Klasha’s expansion into Asia, particularly with the opening of a new office in Hangzhou, China, a key hub for major e-commerce players and payment service providers like Alibaba. Klasha aims to provide seamless B2B payment solutions between Asia and Africa, utilizing its virtual multi-currency accounts, collection and payout APIs, and cross-border wire services to facilitate faster and more efficient transfers across multiple currencies. Anuna emphasized Klasha’s commitment to further strengthening its B2B payment capabilities between the two regions. With this new funding and the addition of Justin Fan to the team, Klasha is well-positioned to tap into the opportunities within the Asian B2B payment sector.

Source: The North Africa Journal October 22, 2024 11:16 UTC