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Following the launch of its services in Kenya in partnership with Cellulant, Grey has signed a strategic agreement with Moringa School. The mutually beneficial partnership gives both companies access to more market opportunities.
Nairobi, Kenya- 15thJune 2022- Grey and Moringa, a Kenyan-based ed-tech platform, announced today that the firms had signed a mutually beneficial agreement that will allow each firm to expand its network and marketing channels across Africa.
Backed by Y-combinator, Grey provides payment and financial services for African businesses, freelancers, remote workers and content creators, allowing its users to create foreign bank accounts and send and receive international payments without restrictions.
Kenyans can get paid in their preferred foreign currency and withdraw directly to M-Pesa or their local bank account, convert any supported currencies to Kenyan Shillings or even pay for services now to M-Pesa.
Combining Moringa’s vast tech talent network with Grey’s services and offerings creates a powerful force. Students and graduates of Moringa can now leverage their tech skills to enhance their incomes as freelancers and remote workers and, in addition, access the financial tools and support they require.
“It is our pleasure to work with Moringa to improve our market efficiencies,” said Grey’s CEO Idorenyin Obong. “Our synergies will be extremely exciting going forward”, he added.
Grey will join Moringa’s existing partner network, including employers and corporate partners such as Safaricom, Telkom, Sanlam, I&M Bank and more than 430 other employer partners. The two companies have teamed up in Kenya to expand their alliance to other African countries.
To mark the occasion, Grey held a cocktail mixer and panel discussion at the Moringa Campus, with Moringa staff, students and alums present. Featured panelists were: Snehar Shah- CEO, Moringa School; Kipkorir Kirui- Senior Product Manager Lead, Microsoft; Wacera Maina- Finance Director, Sky Garden; and Iheakachi Nwabueze- Head of Global Marketing, who moderated the panel.
The conversation centered on freelancing and how personal brand building drives career growth.
There has been an explosion of interest in Africa, especially in technology, over the last decade and a half. This growth has been accompanied by an incredible surge in entrepreneurial activity, which has led to a significant drop in the cost of entrepreneurship and a substantial increase in the number of start-ups, freelancers and remote workers.
The success of many businesses in this environment has been aided by the availability of inexpensive technology tools and software, along with the rising expectations among consumers of a better quality of service at a lower cost.
The combination of Grey’s financial services offerings, Moringa’s tech talent pool and experience, and its commitment to providing relevant, high-quality education, could help bridge this gap. Grey will provide its users with the tools they need to manage their finances, build their brands and, ultimately, achieve their goals.
Moringa will benefit from access to a potential new market for its students and graduates and additional funding and mentorship opportunities, making it more attractive to prospective students and entrepreneurs.
Commenting on the alliance, Moringa’s CEO, Snehar Shah, said, “Given the global talent shortage for skills combined with smart youth talent and remote working trends post COVID-19, Africa has become the next frontier for tech talent.
We have examples of Moringa graduates earning as much as $5,000+ a month with only a few years of work experience! Moringa welcomes the partnership with Grey to make receiving payments more efficient for our graduate freelancers.”
The alliance is the latest example of Grey’s expansion beyond its home market of Nigeria into new geographies. The company recently teamed up with Cellulant to offer its services to its customers in Kenya and plans to enter more regions soon. Grey is available in Kenya via the Grey website and app stores.
Grey is simplifying sending and receiving foreign payments for Africans. Co-founded by Idorenyin Obong and Femi Aghedo in 2021, it is the easiest way to send and receive international payments without restrictions. Grey currently offers United States Dollar (USD), British Pound (GBP), and Euro (EUR) foreign accounts to customers.
With Grey, you can send money to Europe and the UK and receive money from the US, Europe, and the UK. Grey is licensed as a Money Service Business by FINTRAC in Canada and FinCEN in the USA. Aboki Africa Inc., a company duly incorporated under the laws of Delaware, USA, is the provider of Grey’s services.
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Moringa is a world-class EdTech leader and learning accelerator with course offerings in Software Engineering, Data Science and Professional Development. Moringa recently launched a new curriculum in Partnership with FlatIron School [no.1 tech boot camp in the USA.] The new curriculum seeks to build on the inverted classroom model where students take control of their learning, supported by technical mentors.
Moringa School offers 12-month career support for its students and alums with an employment rate of 85%, closing the skills gap in Africa’s job markets by delivering high-quality tech talent to local and international employers.
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Moringa X Grey 1: From Left to Right - Snehar Shah, Chief Executive Officer- Moringa School & Idorenyin Obong, Chief Executive Officer- Grey
Photo was taken at Moringa Campus: Ngong Plaza, Ngong Lane, Nairobi, Kenya, on Friday, 27 May 2022.
Moringa X Grey 2: Cross-section of the audience at the cocktail mixer
Photo was taken at Moringa Campus: Ngong Plaza, Ngong Lane, Nairobi, Kenya on Friday, 27 May 2022.
Moringa X Grey 3: From Left to Right - Snehar Shah, Chief Executive Officer- Moringa School; Idorenyin Obong, Chief Executive Officer- Grey & Femi Aghedo, Chief Operations Officer- Grey
Photo taken at Moringa Campus: Ngong Plaza, Ngong Lane, Nairobi, Kenya on Friday, 27th May 2022.
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