Nigerian startup Grey is allowing users to easily exchange to local currency and access foreign currencies in their accounts.
Launched in 2021 by Idorenyin Obong and Femi Aghedo, Grey offers an international money transfer service that enables its users to send and receive international payments without restrictions quickly. Its products include foreign bank accounts, instant currency exchange, and international money transfers.
The Y Combinator-backed fintech startup raised a US$2 million funding round last August, and is busy expanding. Disrupt Africa reported last month the startup had chosen Kenya as its East African hub.
“At Grey, we believe everyone should have access to the global economy, regardless of their location or background. With this in mind, we have created an easy-to-use, secure, and reliable platform,” said Aghedo.
“We identified a gap in the market for foreign bank accounts for Africans. We observed that many Africans needed help to receive payments from foreign employers…