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 improve in complete 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,” (*20*) Obong, Grey’s co-founder and chief govt 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 forex trade platform to a cross-border funds firm serving people and companies.
Its newest product, Paycheck, extends that enlargement into salary administration for professionals incomes in foreign exchange.
Paycheck permits customers to obtain and handle their salaries in foreign exchange, mechanically organise salary transactions, and entry advantages together with increased rates of interest on financial savings, elevated transaction limits, and precedence buyer assist.
Existing clients receiving salaries by way 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 revenue.
Grey Business, its multi-currency cost platform for startups and small companies, has processed practically $100 million since launching in February 2026. The platform permits companies to obtain worldwide funds, handle international forex 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 file robust development, with 30% month-on-month development.
Grey has additionally introduced Chinese yuan payouts, enabling people and companies to pay suppliers and different recipients in China. The firm operates throughout 70 nations 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 achieve 10 million, and ultimately 20 million customers.
Grey’s technique is that clients who come to the platform to gather cash from overseas could have extra causes to remain if they’ll additionally handle their paychecks there.
With Paycheck, the corporate wants to show an occasional transaction into an everyday monetary behavior.
