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Klasha

“Can a single API own the cross-border payments rail between Africa and Asia?”

Founded2018
HQLagos, Nigeria / San Francisco, USA
FoundersJessica Anuna
Total raised$6.5M
Latest roundSeed extension, 2024 ($2M)
IndustryFintech / Cross-border payments
The story

Founded 2018 as a consumer-facing cross-border checkout helping Africans pay global merchants in local currencies. Pivoted toward B2B cross-border infrastructure (collections, payouts, virtual accounts, wire) by 2022-2024, then leaned into Africa<>Asia corridors (notably NGN/KES/GHS <> CNY) with the 2024 raise and Hangzhou office — positioning as the embedded cross-border payments rail for trade between emerging markets.

Last 12 months
2024-10
Product timeline
2018
Klasha founded by Jessica Anuna to enable African consumers to buy from global merchants· founding
2021
Raised $2.4M seed led by Greycroft to scale cross-border commerce APIs· funding
2022
Raised additional $2.1M from Amex Ventures (their first African investment) and Global Ventures· funding
2024
Raised $2M extension and opened Hangzhou, China office to expand B2B payment rails into Asia· pivot
The stack
4 layers disclosed in Klasha’s embedded-finance stack
Payments / PSP
Klasha Pay (self-operated)Klasha Payments API (self-operated)
Banking / BaaS
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: significant
7 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Klasha — frequently asked

What bank does Klasha use?

Klasha discloses Klasha (self-operated) as its banking provider, according to the Embedded Finance Index 2026.

Is Klasha a bank?

Klasha does not disclose a bank charter of its own; its banking services are provided through Klasha (self-operated).

Who is Klasha's payment processor?

Klasha processes payments through Klasha Pay (self-operated) and Klasha Payments API (self-operated).

Who handles Klasha's FX and cross-border payouts?

Klasha uses Klasha (self-operated) for FX and cross-border payouts.

Which accounting software does Klasha integrate with?

Klasha integrates with BigCommerce, WooCommerce, Magento, OpenCart and Squarespace.

What is Klasha's embedded finance stack?

The Embedded Finance Index 2026 maps 4 layers in Klasha's stack: Payments / PSP (Klasha Pay (self-operated) and Klasha Payments API (self-operated)); Banking / BaaS (Klasha (self-operated)); FX & payouts (Klasha (self-operated)); Accounting (BigCommerce, WooCommerce, Magento, OpenCart and 1 other).

Who founded Klasha?

Klasha was founded by Jessica Anuna and is founded in 2018, headquartered in Lagos, Nigeria / San Francisco, USA.

How much funding has Klasha raised?

Klasha has raised $6.5M in total (latest round: Seed extension, 2024 ($2M)).

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