Case Study: Sun King expands global solar operations with Verto’s cross-border payments

Driving Global Solar Energy expansion Through Effective Cross-Border Payments

Sun King, a provider of solar energy products, faced significant cross-border payment challenges due to a liquidity crisis and restricted access to foreign currency from local banks in Kenya. Their operations, which involved manufacturing in China and distribution across Africa, required large financial transfers of up to $2 million that traditional banks could not support. This bottleneck, coupled with FX rate volatility and bureaucratic processes, severely hampered their business activities.

Verto addressed these issues by providing Sun King with access to substantial liquidity and a favorable rate lock feature to protect against currency fluctuations. Furthermore, Verto’s seamless wallet-to-wallet transfers allowed the company to move funds instantly between its international subsidiaries. As a result, Sun King streamlined its financial operations, overcame its liquidity challenges, gained financial security for better planning, and reduced its dependency on traditional banking channels.

Sun King

Salome Waithira

Finance Controller