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Announcing our seed funding: A message from Idee and Femi

Idee Obong

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We built Grey in 2021 to empower people to live a location-independent lifestyle. I believe that the least of your worries as a freelancer, remote worker, or digital nomad should be sending or receiving payments, so we’ve made it easy. We like to say that we’re on a mission to make international payments as easy as sending an email. We want to do impactful work to improve how Africa as a continent interacts with money across its borders. I am delighted that we’ve acquired an extensive and fiercely loyal user base.

On Grey, you can create a foreign USD, GBP, and EUR bank account for free, send money to the UK and Europe, and receive payments from over 88 countries. We also offer conversion directly to your local currency so that you can spend it easily on the app. Grey allows our users to receive foreign payments in their preferred foreign currency and withdraw directly to mobile money or their local bank account.

In addition to our funding announcement, We've also expanded into East Africa, starting with Kenya, and partnerships with payments giant Cellulant and ed-tech leader Moringa. Travelling to Kenya is much easier with Grey because you can pay vendors directly to M-pesa. For example, suppose you’re a traveller on a trip to Nairobi. In that case, you can convert any supported currencies to Kenyan Shillings and pay for services directly to M-Pesa, or other mobile money accounts. Grey is the easiest way to send money abroad and between African countries. We plan to expand into more East African countries in the coming months. We have also included support for Ugandan Shillings on the app, bringing the total number of supported currencies to six. This addition means that Grey customers in Nigeria and Kenya can send money to mobile money accounts in Uganda.

We've also privately launched Grey Business for several companies. Sending money worldwide is not just an individual problem; it affects African businesses too. Over the last two months, we’ve onboarded several African businesses to our private beta. Honestly, when we listen to the feedback about how much we’ve simplified a previously complex process, it pushes us to do more.

Our seed funding round included participation from Y Combinator, Soma Capital, Heirloom Fund, True Culture Fund, angel investors Alan Rutledge, Samvit Ramadurgam, Karthik Ramakrishnan, and other high-profile investors. With this new round of capital, we plan to launch into new markets and extend our product suite to both remittances and person-to-person and business-to-business payments so every African can enjoy seamless cross-border payments with low fees.

Get plugged into Grey via the Grey website,  Play Store and App store.

Last updated:

October 2, 2026

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Send USD to 170+ countries instantly and securely with Grey!

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At Grey, we’re always looking for ways to make global payments smoother, faster, and stress-free. We started by making it easy for you to receive USD, and now, we’re taking things a step further: You can now send USD to over 170 countries directly from your Grey account!

Also read: How non-US citizens can open a US bank account online

We know how important it is to have complete control over your money, whether supporting your family, paying international freelancers, buying products from overseas suppliers, or investing in global opportunities. However, traditional international transfers often come with high fees, frustrating delays, and complicated processes. We’re changing that.

Now, with Grey, sending USD globally is as easy as a few taps — no ridiculous fees, no frustrating delays or complex banking processes, just simple, borderless payments the way they should be.

What this means for you

  • Faster and easier USD transfers: You can send USD in just a few taps without delays or complicated processes.
  • Lower fees: You can now avoid high conversion fees and hidden charges, helping you keep more money when making international payments.
  • Business opportunities: You can pay international suppliers and freelancers directly in USD without relying on third-party services.
  • Seamless global transactions: Enjoy the freedom to send and manage your money across borders without stress.

Get started today

This isn’t about adding another feature; it's one more way we’re making international payments easier and giving you the financial freedom you deserve.

Create a free account today to send USD easily and experience borderless payments with Grey!

Also read: How to send and receive USDC directly in your USD account

Receive USDC instantly in your US account with Grey!

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Stablecoins are becoming a popular payment option for freelancers, digital nomads, and remote workers. With low volatility, fast transactions, and global reach, they make it easy to receive payments without location restrictions. Still, transactions using stablecoins have  downsides, as they often involve multiple steps, unnecessarily complicated transactions, and additional fees.

However, we at Grey always look for ways to make global banking better for people like you who work and live across borders. Today, we’re excited to announce that you can now receive USDC payments directly into your US bank account!

Also read: Send instant USDC payouts to 70+ countries with Grey!

How to receive USDC deposits with Grey

We’ve simplified the process so there are no extra steps, complicated exchanges, or third-party conversions, just a seamless way to receive payments! Here’s how it works:

  1. Share your wallet address with your sender
  2. Grey converts your USDC into USD instantly.
  3. Access your money in your US bank account, and you can start transacting immediately!

Also read: How non-US citizens can open a US bank account online

What this means for you

  • Faster payments: With Grey, you no longer have to wait for your transactions to process through multiple platforms; you can access your funds as soon as possible without hassle.
  • Seamless conversion: We convert your USDC to USD instantly, so you don’t have to worry about manual exchanges.
  • Secure transactions: With Grey, you can avoid the risks of P2P trading or third-party exchanges, such as fraud, price manipulation, hidden fees or failed transactions. Just fast, seamless, and reliable payments straight to your US bank account.
  • Simplified finances: Keep all your transactions, balances, and account statements in one place, making it easier to track your income.

A simpler way to get paid with Grey

At Grey, our goal is simple: to make global banking seamless for everyone, no matter where you are. We believe international payments should be effortless, and this new feature is another step toward making cross-border transactions smoother and more accessible for you.

Open a free account today and start receiving USDC payments effortlessly with Grey.

#AccelerateAction with UpGreyed Her 2025

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The number of women entrepreneurs and women-led businesses grows yearly, proving that women are shaping industries and driving economic growth worldwide. However, access to funding is still a major challenge, with the global financing gap for women entrepreneurs estimated to be about $1.7 trillion.

This is why UpGreyed Her exists — to support women entrepreneurs with equity-free funding to help scale your business! 🚀

What’s UpGreyed Her?

UpGreyed Her, launched in 2024, is our annual International Women’s Day initiative designed to provide tangible support for women entrepreneurs’ businesses.

Beyond the panels, webinars and conversations, we’re taking action by providing equity-free funding to give them the necessary capital to expand and scale their businesses.

We’re awarding four outstanding women entrepreneurs in  manufacturing and production, construction, textiles, hospitality, agriculture, transportation, logistics or tech-enabled sectors like AgricTech, AI-enabled businesses, ClimateTech, EdTech, FemTech, and HealthTech. The first-place winner will receive $4,000, the first and second runners-up will get $2,000 each, and the third runner-up will receive $1,500. We're assembling a panel of distinguished female judges and business, technology, and management experts will carefully select the winners. Keep an eye out on our social media (@greyfinance) for more updates.

How to apply for UpGreyed Her 2025

To be eligible for participation, you must meet the following criteria:

  • Be a woman aged 21 to 35
  • Own a tech-enabled startup or early-stage business and have up to 50% shares or voting rights
  • Have a registered business
  • Be based in Africa, the Middle East, Southeast Asia, Europe, Latin America, the UK, and the US.

How to apply

To participate, fill out this form with accurate information. The application window opens Saturday, March 8th, 2025, and closes Tuesday, April 8th, 2025.

Please note that you must submit your application on or before 9 a.m. (Pacific Time), as applications received after this deadline will not be acknowledged.

To ensure you don’t miss any updates, follow us on Instagram, Twitter, LinkedIn, and Facebook, and sign up for our newsletter.

We wish you all the best with your applications!

P.S. Terms and Conditions apply*

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Advance your career with Grey x Nexford University scholarship

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At Grey, we genuinely care about your journey to success, and we're excited to share some great news.  We’ve teamed up with Nexford University, an accredited American school that offers 100% online world-class education. Together, we’re making it easier and more affordable for you to reach your professional goals.

Whether you want to get a Bachelor’s or Master’s degree, or take a short skill-based course, you can now get 20% off your tuition fees when you pay with Grey.

Here’s how to apply for the scholarship

  1. Meet the admission requirements: You have to make sure to meet Nexford University’s admission requirements to start your application. Fill out the eligibility form, and you’ll get personalised information to guide you in choosing the right program.‍
  2. Get your scholarship code: If you qualify for the Grey x Nexford scholarship, you’ll receive a code for 20% off tuition. After that, you’ll fill out an application form for your preferred program.‍
  3. Enrol: Once admitted, use your scholarship code to enrol within 30 days before it expires.‍
  4. Choose your start date: Select the best start date for you to begin your educational journey

What are the eligibility requirements?

  1. Must be 18 years or older
  2. Must be a Grey user;  create your account to get free EU, US and UK bank accounts
  3. Must meet the admission requirements of your chosen program at Nexford University
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Why learn with Grey x Nexford?

  1. Flexible programs: You get to enjoy flexible schedules that let you learn and work from anywhere in the world
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Wrapping up

Grey x Nexford University scholarship is more than just a discount — it’s an opportunity for you to achieve your educational and career dreams. Take the first step toward your future with us. Apply now to start your journey today!

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Simplify global payments with Grey x Clear Junction

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Since then, we’ve worked tirelessly to bring you fast and reliable cross-border payment solutions, and today, we’re taking it a step further. We’re excited to announce that we’ve partnered with Clear Junction for even faster and more efficient payment solutions!

What this means for you

Clear Junction is a leader in global payments solutions. With this partnership, Grey users will now be able to receive bank transfers from 40 countries — much faster than with traditional banking methods. So whether you’re getting paid for freelance gigs or business transactions, your transactions will now be smoother and quicker.

You can also say goodbye to the usual hassles of cross-border payments. This partnership saves you on high foreign exchange and transaction fees. Your funds will arrive quickly, without long waits, and you’ll be able to handle payments from over 40 countries, expanding your global reach.

Overall, managing your finances just got easier and more affordable!

Wrapping up

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