Case studies

    December 15, 2022

    Toptech Engineering Limited: How Klasha helps power and data firm seamlessly pay their suppliers abroad

    Toptech Engineering Limited provides systems Integration, data centre infrastructure, and consultancy works, including design, certification, and contracting services.

    At Toptech, they understand the importance of offering quality service to clients in engineering and systems integration aspects, so there are no accidents. Toptech is a product of corporate discipline, nurtured by high-class management structures since the company's inception. This has since become the Toptech tradition — quality and excellent services.

    A major challenge for Toptech was the inability to pay foreign suppliers abroad

    Operational in  Lagos, Nigeria, Toptech needed to procure foreign equipment, but the challenge was how to make large payments to their foreign suppliers. The use of traditional banks was a major problem due to USD scarcity, while the Bureau De Change (BDC) in the parallel market was also not an option due to their exorbitant rates. The issue of trust was also a significant disadvantage, as with BDCs, you have to pay first and then wait for them to effect the transfer.

    KlashaWire improves business processes and international payments

    KlashaWire has been a lifesaver. All our foreign payments problems have been solved. All we have to do is provide naira and transact/effect our transfers with Klasha. We no longer have to worry about sourcing for FX and the banks' challenges to utilising foreign inflows. The Klasha app is easy to use and navigate, and their customer service is top-notch,” said Zainab Olajuyin, finance and accounts head at Toptech.

    Toptech’s experience with KlashaWire has been positive as they save costs on international payments with Klasha’s highly competitive rates. As a result, the company no longer worries about the availability of FX and now focuses on other essential aspects of the business, which is providing quality services.

    KlashaWire helps businesses wire money overseas to their business partners and suppliers in China, the USA, the UK, Turkey, and over 120 countries using African currencies and money methods. The recipients will receive the equivalent payout in hard currencies like USD, CNY, EUR, GBP,  INR, and other G7 currencies in 1-4 working days.

    You can book a meeting with our sales team if you want to know more about KlashaWire or any of our Klasha Business Account features which make cross-border payments in Africa more seamless.