After Raising $2.4m, Klasha Extends Services to Ghana

By Ashemiriogwa Emmanuel

Financial Technology-oriented company, Klasha, has successfully expanded its services of providing borderless payments for e-commerce to Ghana.

This comes after the San Francisco and Lagos-based company secured a sum of $2.4 million in a seed funding round to help retailers such as ASOS, Zara, and H&M receive payments from African consumers.

After the round, the cross-border company said it has plans to expand its reach beyond its current position in Nigeria, Ghana, and Kenya, with three more African countries to be added before the end of 2021.

With its expansion to Ghana, Klasha says it is opening in the republic to seamless international e-commerce and enabling seamless business extension into the region for global merchants.

In other words, merchants can readily key into Ghana’s e-commerce economy, which is expected to rise to $811 million by 2024 from its current value at $429 million.

The development also means that the Klasha mobile app is now available in Ghana with added functionalities, including instant money transfer between Ghana and Nigeria.

To make this more effective, the company has also introduced a multi-currency wallet, which offers users the option to hold, exchange and send money in different currencies at the best rate for free.

Speaking on the development, Klasha’s CEO, Mrs Jess Anuna, said that the company is set to ease the process of accepting and sending online payments, and items delivery in Ghana as items purchased are shipped quickly and arrive at customers’ doorsteps within 10 days using the Klasha platform.

In her words, “Before now, international online and offline businesses faced the challenge of accepting online payments from Africa and even delivering items to Ghana.

“Our solution will simplify the process, removing payment and last-mile delivery barriers, making it easier and faster for retailers to collect online payments in Ghana, manage payouts and expand seamlessly.”

Expressing excitement over the launch, the Marketing Manager of Klasha, Mr Edidiong Ekong, said, “In the coming months, we will expand to more countries to facilitate seamless e-commerce and cross-border payments.”