Case studies

    July 28, 2022

    Truthware Solutions: How digital service providers wire money internationally using KlashaWire

    “Truthware Solutions is introducing Africa to the world by pioneering innovation and technology acceleration in Africa.”

    Deji Macaulay, Managing Partner at Truthware Solutions

    Klasha and Truthware Solutions share the same goal, believing in Africa’s untapped potential. This mission is being achieved by working towards uniting Africa with the rest of the world via different industries and systems.

    Truthware Solutions is a service-oriented IT company whose aim is to provide innovative solutions to meet its clients’ organisational goals. Truthware offers electronic health records and hospital management software to help digitise hospitals and HMOs. With Truthware’s powerful digital platform, healthcare providers can gain excellent efficiency in healthcare and financial management for the healthcare business. Their principal activities include IT services, telecommunications, lottery, health-care technology, software design, research and robotic solutions. Truthware also offers both in-house and cloud-based solutions for healthcare providers.

    Wire issues caused business trust issues for Truthware

    Due to the nature of their business, Truthware had international vendors that helped with digitisation services. However, they struggled with paying their international vendors in Europe and other continents. This difficulty resulted from restrictions placed on financial institutions and slow payment settlement time. These restrictions ultimately affected Truthware’s credibility with international vendors.

    In line with our goal of helping merchants sell seamlessly in Africa, KlashaWire has helped the business relationships between Truthware Solutions and its international vendors by ensuring all wire transactions are fast, secure and settled on time.

    KlashaWire improves overseas wire transactions and business relationships

    Deji Macaulay, the Managing Partner at Truthware Solutions, said, “The Klasha platform is easy to use, and we really like the KlashaWire function. With the Klasha platform, we can seamlessly pay our international vendors on time and build more credibility with our international vendors.”

    Truthware’s experience with KlashaWire has improved its business processes. With the ability to conveniently wire large sums overseas and a faster settlement time of no later than 3-5 business days, Truthware’s international vendors now trust the company.

    KlashaWire helps businesses wire money overseas to their business partners and suppliers in China, USA, 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 offer cross-border payment solutions in Africa.