• Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
What's Hot

Trump Officials Slam ICEBlock as It Tops iPhone App Charts

July 4, 2025

Is Your Mac Slowing Down? Here Are 8 Tips to Speed it Up

July 4, 2025

Angry Birds Bounce, Kingdom Rush, and More

July 4, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
Behind The ScreenBehind The Screen
Home»Fintech»Grey raises $2m for African cross-border payments
Fintech

Grey raises $2m for African cross-border payments

August 29, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cion Digital names Sundar Nagarathnam COO
Share
Facebook Twitter LinkedIn Pinterest Email

Gray, a fintech began by two Nigerians to simplify sending and receiving international funds for Africans, has raised $2 million in seed funding.

The service provided by Gray allows its clients to have digital worldwide financial institution accounts at no cost and revel in a seamless international cost course of.

“Gray (https://Gray.co) was based in 2021 to empower folks to reside a location-independent life-style,” CEO of Gray, Idorenyin Obong, says. “I consider that the least of your worries as a freelancer, distant employee, or digital nomad needs to be sending or receiving funds, so we’ve made it straightforward. We wish to say that we’re on a mission to make worldwide funds as straightforward as sending an e-mail. We wish to do impactful work to enhance how Africa as a continent interacts with cash throughout its borders. I’m delighted that we’ve acquired an in depth and fiercely loyal consumer base.”

On Gray, you’ll be able to create a international USD, GBP, and EUR checking account at no cost, ship cash to the UK and Europe, and obtain funds from over 88 international locations. The corporate additionally provides conversion on to your native foreign money so as to spend it simply on the app. Gray permits customers to obtain international funds of their most popular international foreign money and withdraw on to cell cash or their native checking account.

Along with the funding announcement, Gray additionally introduced Its enlargement into East Africa, beginning with Kenya, and partnerships with funds big Cellulant and ed-tech chief Moringa. Travelling to Kenya is far simpler with Gray (https://bit.ly/3Q5bCyY) as a result of you’ll be able to pay distributors on to M-pesa. For instance, suppose you’re a traveller on a visit to Nairobi. In that case, you’ll be able to convert any supported currencies to Kenyan Shillings and pay for companies on to M-Pesa, or different cell cash accounts. Gray is the best technique to ship cash overseas and between African international locations. The corporate plans to increase into extra East African international locations within the coming months. It has included assist for Ugandan Shillings on the app, bringing the whole variety of supported currencies to 6. This addition signifies that Gray clients in Nigeria and Kenya can ship cash to cell cash accounts in Uganda.

See also  China: Fintech companies remain confident of growth

The corporate has additionally privately launched Gray Enterprise to a number of firms. COO Femi Aghedo says, “Sending cash worldwide isn’t just a person downside; it impacts African companies too. During the last two months, we’ve onboarded a number of African companies to our personal beta. Truthfully, once I take heed to the suggestions about how a lot we’ve simplified a beforehand advanced course of, it pushes us to do extra.”

Gray’s seed funding spherical included participation from Y Combinator, Soma Capital, Heirloom Fund, True Tradition Fund, angel traders Alan Rutledge, Samvit Ramadurgam, Karthik Ramakrishnan, and different high-profile traders. In response to the CEO, Idorenyin Obong, with this new spherical of capital, they plan to launch into new markets and lengthen their product suite to incorporate not simply remittances but in addition person-to-person and business-to-business funds so each African can take pleasure in seamless cross-border funds with low charges. 

Source link

African crossborder Grey payments Raises
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

PayPal Contactless Payments Now Available to German iPhone Users, Thanks to New EU Rules

May 15, 2025

Should You Cross-Border Shop for Apple’s Vision Pro?

January 20, 2024

Apple Sending Out Bonus Payments in $95M AppleCare Replacement Device Settlement

January 17, 2024

Apple Is Sending Out $92 ‘Batterygate’ Payments to US iPhone Users

January 9, 2024
Add A Comment

Comments are closed.

Editors Picks

Flying Fish adds principal; Tanium names new CEO; and more – Startup

February 3, 2023

Nine Tips To Help Introverted Entrepreneurs Tackle PR Confidently And Successfully

January 12, 2023

The Xiaomi 12 Lite beats the iPhone 13 in one important way

July 9, 2022

A Computer Weekly buyer’s guide to supply chain security

July 19, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

Trump Officials Slam ICEBlock as It Tops iPhone App Charts

Is Your Mac Slowing Down? Here Are 8 Tips to Speed it Up

Angry Birds Bounce, Kingdom Rush, and More

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.fr - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.