Grey, the Y Combinator-backed cross-border funds firm, has launched Paycheck, a salary account for professionals incomes in United States {dollars}, British kilos, and euros, because it units its sights on rising past its present base of three million customers.
The firm, which has processed practically $5 billion in funds since its inception and recorded a 170% year-on-year enhance in whole cost quantity, introduced the brand new product at Moonshot by TechCabal 2026 in Lagos, Nigeria, on Wednesday.
“After a month of work, employees should have more to look forward to than the additional responsibility of sorting through transactions and keeping track of their earnings,” Idorenyin Obong, Grey’s co-founder and chief government officer, stated throughout a keynote tackle at Moonshot.
“A salary is central to how people meet their needs, plan ahead, and build financial security. We believe the financial services they use should reflect that importance.”
Founded in 2020 by Obong and Femi Aghedo, Grey has expanded from a foreign money trade platform to a cross-border funds firm serving people and companies.
Its newest product, Paycheck, extends that growth into salary administration for professionals incomes in foreign currency.
Paycheck permits customers to obtain and handle their salaries in foreign currency, mechanically organise salary transactions, and entry advantages together with larger rates of interest on financial savings, elevated transaction limits, and precedence buyer assist.
Existing prospects receiving salaries by means of Grey can activate Paycheck with out altering their account particulars. New customers can share their Grey account info with employers or payroll suppliers, with the service activated after their next qualifying salary cost.
The launch marks one other step in Grey’s efforts to maneuver past facilitating cross-border transactions into providing monetary companies constructed round recurring earnings.
Grey Business, its multi-currency cost platform for startups and small companies, has processed practically $100 million since launching in (*20*) 2026. The platform permits companies to obtain worldwide funds, handle overseas foreign money accounts, and ship cash throughout borders.
In June, TechCabal reported that the platform had processed $61.4 million in its first 4 months, pushed partly by demand for stablecoin-based transactions.
The firm stated African markets, together with Kenya, proceed to document robust development, with 30% month-on-month development.
Grey has additionally launched Chinese yuan payouts, enabling people and companies to pay suppliers and different recipients in China. The firm operates throughout 70 international locations and helps payouts to over 170 locations worldwide.
During his Moonshot keynote, Obong stated the corporate was seeking to increase past its present buyer base, with ambitions to succeed in 10 million, and finally 20 million customers.
Grey’s technique is that prospects who come to the platform to gather cash from overseas may have extra causes to remain if they will additionally handle their paychecks there.
With Paycheck, the corporate wants to show an occasional transaction into an everyday monetary behavior.
