It’s Day 2 at Moonshot 2026!
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Fintech
Grey’s new transfer: wage accounts
Grey has spent six years serving to Africans receives a commission from overseas. Now it needs to grow to be the place the place payday begins.
What occurred? Yesterday at Moonshot by TechCabal, Grey, the Y Combinator-backed cross-border funds firm, launched Paycheck, a wage product for professionals incomes in {dollars}, kilos and euros. Users can obtain and organise wage funds, whereas qualifying clients get greater financial savings charges, bigger transaction limits and precedence help.
The launch comes as Grey crosses three million customers and almost $5 billion in processed funds. Its cost quantity has additionally grown 170% 12 months on 12 months.
Explain like I’m new right here: Grey didn’t begin out attempting to handle salaries. Idorenyin Obong and Femi Aghedo launched the corporate in 2020 as Aboki Africa, serving to Nigerians alternate overseas forex in domiciliary accounts. The founders quickly realised receiving the cash was itself a much bigger drawback. In 2021, they pivoted to digital greenback, pound, and euro accounts for distant employees and freelancers. Grey joined Y Combinator in 2022 and raised a $2 million seed spherical later that 12 months.
It had about 100,000 customers in 2022 and crossed a million in 2024. Today, it operates throughout dozens of markets and can also be pushing into enterprise funds.
Between the traces: Receiving overseas funds is now not sufficient of a moat. Grey competes with Raenest, Cleva, Afriex, and others providing variations of the identical multi-currency account.
Paycheck adjustments the connection. If a wage lands in Grey each month, the corporate will get the primary likelihood to deal with what occurs subsequent: saving, changing currencies, sending cash, or paying payments. The buyer additionally has one much less motive to maneuver that revenue instantly to a different monetary app.
Zoom out: Grey Business, launched in February, has already processed almost $100 million. Now Paycheck is attacking the patron aspect of the identical drawback.
Grey constructed its first development part round serving to individuals obtain cash; Obong mentioned it’s focusing on between 10 million and 20 million customers. Getting to that milestone might rely on giving them causes to go away the cash there.
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Fintech
Mastercard and Interswitch convey Google Pay to Nigeria
If you’re in Nigeria and used to creating transfers or paying along with your bank card, you’ll begin seeing much less of that.
What occurred? Mastercard, the worldwide funds big, and Interswitch, a Nigerian funds infrastructure supplier, have partnered to convey Google Pay to eligible Mastercard cardholders in Nigeria. The service lets clients add supported financial institution playing cards to Google Wallet and use an Android cellphone to make contactless funds at appropriate point-of-sale (PoS) terminals.
Explain like I’m new right here: Nigeria has been attempting to get individuals to make contactless funds for some time. In 2015, Unified Payments launched PayAttitude, which used NFC tags to allow contactless funds. Access Bank has experimented with tap-to-phone funds, whereas Touch and Pay Technologies’ Cowry card has made contactless funds a well-recognized a part of Lagos public transport. MoneyAfrica additionally not too long ago partnered with Chicken Republic to introduce cell tap-to-pay throughout greater than 350 retailers.
Mastercard’spartnership lets customers add an current financial institution card to Google Wallet and switch the cellphone already of their hand right into a tap-to-pay machine.
How it really works: Your financial institution nonetheless holds the cash, and Mastercard nonetheless sits behind the cost. Google Wallet shops a digital model of the cardboard, whereas Mastercard’s tokenisation know-how replaces the cardboard quantity with a singular digital credential while you pay. When you faucet, the service provider doesn’t obtain your bodily card particulars as it could from a conventional card transaction. The rollout consists of eligible Mastercard playing cards issued by banks together with FirstBank, GTBank, UBA and Zenith Bank.
Why this issues: Nigeria Inter-Bank Settlement System (NIBSS) recorded ₦284.9 trillion ($212 billion) in instant-payment transactions in Q1 2025, whereas the nation had 5.9 million deployed PoS terminals by March. PoS transaction values reached ₦10.51 trillion ($7.8 billion) in the identical quarter. However, Nigerians are already snug with transfers, so tap-to-pay wants to supply one thing higher than being one other method to do the identical factor. The tougher half is getting sufficient retailers to just accept contactless funds and sufficient Nigerians to vary their cost behaviour.
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Moonshot
Moonshot Day 1 recap from Phathisani’s POV
Day 1 of Moonshot by TechCabal, on my first-ever journey to Lagos, has exceeded my wildest expectations. I’ve attended my fair proportion of tech occasions, however the sheer variety of African digital lovers underneath one roof was one thing else.
Young aspiring innovators and software program engineers mingled freely with a number of the continent’s brightest minds, swapping concepts, making connections and absorbing eye-opening conversations.
My standout second? A ten-minute stroll behind Flutterwave founder and CEO Olugbenga Agboola as Opeyemi Kareem, the youngest member of the TechCabal newsroom, interviewed him on the transfer. As they moved by the buzzing venue, the dialog continued in opposition to a sea of younger innovators, founders, and tech lovers.
I discovered myself strolling behind certainly one of Africa’s most recognisable fintech leaders, watching the interview unfold in actual time. It was an unexpectedly vivid snapshot of what makes Moonshot particular: seeing the individuals constructing Africa’s largest tech corporations up shut, whereas sharing the house with the following era hoping to comply with of their footsteps.
That, to me, is Moonshot’s magic. Inspiration isn’t confined to the stage; it occurs within the corridors, throughout likelihood encounters, and in conversations between periods.
And if Day 1 is something to go by, Lagos has loads extra in retailer. Today, I’m trying ahead to extra candid conversations about cybersecurity, the following wave of startups, and Africa’s fast-evolving fintech panorama. If Day 1 is something to go by, Day 2 will convey the curtain down with a bang.
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Moonshot
Moonshot Day 1 recap from Emmanuel’s POV
Between my hyperactivity and busyness at Moonshot Day 1, I in some way managed to take a seat nonetheless lengthy sufficient to catch just a few conversations that caught with me.
Dr Emomotimi Agama, director-general of Nigeria’s Securities and Exchange Commission (SEC), was notably animated concerning the development of Nigeria’s capital market. He described the latest Dangote Refinery preliminary public providing (IPO), which closed on October 27, as a monumental success, noting that buyers from 54 nations participated. He added that the provide was greater than Indian billionaire Mukesh Ambani’s Jio Platforms IPO.
Then there was Flutterwave founder and chief government officer Olugbenga “GB” Agboola, whose dialog stored returning to belief. Flutterwave spent its first decade convincing companies to belief it to maneuver their cash. As the corporate strikes deeper into banking, that belief turns into much more necessary as a result of clients are now not solely asking Flutterwave to course of funds; they’re being requested to maintain cash there, too.
Adeyemi “Yemi” Adegbayi of Catalyst Fund, an early-stage enterprise capital agency, additionally ran one of many extra sensible periods I caught, a masterclass on utilizing AI to construct higher pitch decks. I favored that it didn’t deal with AI as a magic button. The emphasis was on understanding what you need to say, prompting skilfully, and utilizing the software to sharpen the story somewhat than outsourcing the considering.
The individuals had been simply as memorable because the periods. Whenever I may steal a couple of minutes, I mentioned whats up to a well-recognized face, caught up with somebody I had not seen shortly, met somebody whose work I had solely recognized by a display screen, or just dished out just a few hugs.
Day 1 was busy, loud and barely chaotic, however in a great way. Day 2 has an much more improbable lineup, and I’m trying ahead to loads extra conversations. I’m particularly excited for my very own session on intra-African funds and why transferring cash throughout the continent stays so onerous. Catch me on the Future of Money stage right this moment.
CRYPTO TRACKER
The World Wide Web3
Source:
|
Coin Name |
Current Value |
Day |
Month |
|---|---|---|---|
| Bitcoin |
$79,869 |
– 0.30% |
– 5.46% |
| Ether |
$2,390 |
– 2.19% |
– 14.03% |
| XRP |
$1.31 |
– 2.20% |
– 19.85% |
| Solana |
$103.84 |
– 1.51% |
– 13.17% |
* Data as of 06.49 AM WAT, October 29, 2026.
Opportunities
- Dar Blockchain and The Hashgraph Association have launched a four-month incubation programme to assist 18 Web3 ventures from the Hedera Africa Hackathon grow to be investment-ready startups. Backed by $900,000, the programme will present technical help, enterprise mentorship, product improvement help, and entry to potential buyers. At least 5 startups are anticipated to be prepared for seed funding by January 2027, when the programme concludes with an investor Demo Day. Learn more.
Written by: Emmanuel Nwosu, Phathisani Moyo, and Yemi Kareem
Edited by: Emmanuel Nwosu & Ganiu Oloruntade
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Joseph Galadima is a blogger and copywriter based in Jalingo. He hails from Taraba State. Over five years, he has built a track record of writing news articles grounded in facts, with a focus on reporting that is clear, accurate, and easy for readers to follow. He is the voice behind News Page, his own blog, where he shares his work with an audience that follows public affairs. His background in copywriting gives him a sharp eye for clear, engaging language, so his stories stay readable without losing accuracy.
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