Case studies

    December 22, 2022

    Pelton batteries: How energy company sends money seamlessly overseas with Klasha

    Pelton batteries are manufactured in Nigeria and created to meet the need for sustainable renewable energy in Nigeria.

    Their battery products are made of the LifePo4 chemistry, which is known to be the best in the market in terms of lifespan, efficiency, and safety. While maintaining high-quality products, Pelton produces the most advanced lithium-based battery in Nigeria at an affordable rate.

    Pelton batteries struggled with paying business suppliers

    Like most companies collaborating with business partners and suppliers overseas, Pelton needed to send money to their partners in other countries but experienced difficulties because of FX scarcity and the restrictions placed on traditional bank accounts, even domiciliary accounts.

    The company could also not patronise the Bureau De Change (BDC) in the parallel market because of the high rates and transaction fees. This made business operations and processes more difficult than necessary until Pelton heard of Klasha.

    With KlashaWire, Peloton has no worries about international transactions

    When we at Pelton batteries heard of Klasha, we decided to give the company a trial, and we have not regretted that decision ever since. With KlashaWire, we've never had a failed transaction. All our business partners and suppliers overseas get their payments on time, and Klasha has the best FX rates,” said Saviour Ekiko from Pelton batteries.

    Pelton batteries no longer have to worry about FX scarcity and payment restrictions. As a business, their operations and processes have greatly improved since they started using KlashaWire to send money overseas.

    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.