Overview
Klasha is a global technology company that provides frictionless cross-border payment solutions for businesses, helping them transact seamlessly with emerging markets through specialized APIs and payment infrastructure. The platform powers businesses to sell to and from emerging markets in their local currencies.
Founded in 2021 by Jess Anuna, Klasha serves both individual consumers and businesses looking to make international payments, particularly focusing on Africa-China trade corridors and broader emerging market transactions. The platform supports over 120 currencies and operates across multiple African countries, including Nigeria, Kenya, South Africa, Uganda, Tanzania, and Zambia.
Key Features
Klasha Wire
B2B cross-border payments with local currency input and hard currency payouts
Payment Gateway (Klasha Pay)
Accept payments from African customers with international payouts
Payment Links
No-code payment collection solution for online transactions
Virtual Dollar Cards
Personal spending cards for international purchases
PINK Money
Peer-to-peer money transfer within the Klasha ecosystem
Multi-currency Support
Processing in 120+ currencies across emerging markets
Pros & Cons
Advantages
- Competitive exchange rates for cross-border transactions
- Swift and seamless transactions with reliable payment processing
- Multiple payment methods across African countries
- Zero setup fees with transparent transaction rates
- ISO 27001 and PCI-DSS compliance for security
Limitations
- High foreign exchange rates compared to other platforms
- Mixed customer service experience with some delayed responses
- Some users report transaction issues and refund difficulties
- Limited geographical coverage outside African markets
- Account verification challenges reported by some users
Security Features
Compliance & Certifications: ISO 27001 and PCI-DSS compliant, ensuring international security standards
Security Features: Multiple authentication options, including passcode, Touch ID, and Face ID
Risk Mitigation: Transaction monitoring systems
Pricing & Fees
| Service | Fee | Details |
|---|---|---|
| Klasha Pay (NGN) | 2.9% | Nigeria payments with multiple methods |
| Klasha Pay (KES) | 2.9% | Kenya payments, including M-Pesa |
| Klasha Pay (ZAR) | 4.0% | South Africa card payments |
| Payment Links (NGN/KES) | 2.9% | No-website payment collection |
| Payment Links (ZAR) | 4.0% | South Africa payment links |
Getting Started
Detailed Ratings
Final Verdict
Klasha presents a solid cross-border payment solution specifically designed for African markets, offering competitive rates and comprehensive compliance. However, customer service inconsistencies and some user-reported transaction issues prevent it from achieving a higher rating.