• Advertise
  • Jobs
  • Freelance Gigs
  • Motoring
  • Money
Monday, June 27, 2022
  • Login
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists
No Result
View All Result
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists
No Result
View All Result
TechMoran
No Result
View All Result
Home Startups

Nigerian Fintech Startup Grey Partners with Payments Company Cellulant for East Africa Expansion.

Nigerian fintech startup Grey has announced the expansion of its service to East Africa, beginning with Kenya, in partnership with Cellulant. Kenyan residents can now sign up for Grey’s products, which include foreign bank accounts, instant currency exchange, and international money transfers.

Grey has expanded its services into East Africa, starting with Kenya, in partnership with Cellulant, to overcome the challenges of sending and receiving money internationally. Grey, a Y-combinator backed fintech startup, offers a one-of-a-kind international money transfer service that allows users to send and receive international payments swiftly and without limits. Cellulant is the company’s payment processor, processing thousands of Grey’s clients’ payouts.

In an exclusive ceremony attended by senior management from Grey and Cellulant at the Radisson Blu Hotel, Upperhill, Nairobi, on 25 May, the company showcased how users could create a virtual foreign USD, GBP, and EUR bank account for free. Users can receive payments and convert directly to Kenya Shillings or the Nigerian Naira.

Grey’s instant currency exchange service provides free virtual international bank accounts to its users, allowing small businesses, freelancers, remote workers, and content creators in Kenya to enjoy a seamless payment process.Thousands of young Kenyans now use digital platforms to find work in the fast expanding gig economy.

The online gig economy is fueled by a growing young workforce, widespread internet and smartphone use, and the widespread use of mobile money.

With Africa’s youngest workforce and high unemployment rates, online gig work offers alternative and accessible employment alternatives as well as a road to economic prosperity for the continent’s young people.

It was in this environment that the startup was conceptualized. Mr Idorenyin Obong, Grey’s CEO, worked remotely for international companies but faced numerous challenges in accessing the foreign currency in his accounts.

Grey was launched in 2021 by Idorenyin Obong and Femi Aghedo, who wanted to help Nigerians easily exchange to local currency and access the foreign currencies in their accounts.

The startup allows Kenyans to get paid in their preferred foreign currency and withdraw directly to M-Pesa or their local bank account.

If you’re traveling to Nairobi, you can convert any supported currency to Kenyan Shillings, use M-Pesa to pay for services, or withdraw to a local bank account.

With this launch, Grey’s services are now available in Kenya and Nigeria via the Grey website, and will be available on app stores soon.

Readers 520

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Weddy Thuranira

Weddy Thuranira

Weddy profiles new startups and innovators across Africa and announces funding rounds, mergers, acquisitions and startup partnerships across Africa. She is based in Nairobi, Kenya. Reach her and the entire news desk at editor@techmoran.com

Related Posts

Ghana’s  Fido raises $30MSeries A round  to roll out new products and expand across Africa
Startups

Ghana’s Fido raises $30MSeries A round to roll out new products and expand across Africa

by Milcah Lukhanyu
June 24, 2022
0

Fido,a Ghanaian based fintech has raised $30M a Series A round funding aimed at rolling out new products and expand...

Egypt’s MNT-Halan acquires B2B e-commerce platform Talabeyah for undisclosed amount
Startups

Egypt’s MNT-Halan acquires B2B e-commerce platform Talabeyah for undisclosed amount

by Milcah Lukhanyu
June 24, 2022
0

Egypt-based fintech MNT-Halan has acquired Talabeyah, a B2B e-commerce platform that offers FMCG supplies for undisclosed amount Talabeyah was founded...

Uganda’s XENO Investment raises $2 million seed funding to democratize access to investment management
Startups

Uganda’s XENO Investment raises $2 million seed funding to democratize access to investment management

by Milcah Lukhanyu
June 23, 2022
0

XENO Investment has raised a $2 million seed funding led by Beyond Capital Ventures to democratize access to professional investment management...

Nigeria’s GetEquity Expands To Kenya With Plans To Connect More African Startups

Nigeria’s GetEquity Expands To Kenya With Plans To Connect More African Startups

June 23, 2022
Egypt’s  Synapse Analytics raises $2 million pre-Series A round  to help businesses adopt AI and expand its operations

Egypt’s Synapse Analytics raises $2 million pre-Series A round to help businesses adopt AI and expand its operations

June 23, 2022
   Bill & Melinda Gates Foundation and global partners launch $7 million initiative to support healthtech startups in Africa

  Bill & Melinda Gates Foundation and global partners launch $7 million initiative to support healthtech startups in Africa

June 23, 2022
Please login to join discussion
  • Advertise
  • Jobs
  • Freelance Gigs
  • Motoring
  • Money

© 2022 TechMoran Ltd, All Rights Reserved.

No Result
View All Result
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists

© 2022 TechMoran Ltd, All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version
%d bloggers like this: