GreyFinance

GreyFinance


Product Details

About GreyFinance

Requirements for savings

    States Covered

    None

    Provider Details

    About provider


    What is Grey Finance?


    Grey Finance is a leading International Money Transfer Operator (IMTO) revolutionizing cross-border payments for freelancers, remote workers, and businesses. Founded in 2020, Grey simplifies global transactions by offering low-fee international transfers, multi-currency accounts, and virtual USD cards, all while prioritizing transparency and user convenience .


    Mission & Core Services


    Grey’s mission is to empower users to send money online securely and affordably, breaking down financial barriers across 80+ countries. Key services include:


    ● Currency exchange at competitive rates (40+ currencies supported) .

    ● Virtual foreign accounts (USD, GBP, EUR) for receiving payments globally .

    ● Instant conversions with mid-market rates and no hidden fees .

    ● Bill payments, invoicing, and gift card purchases .


    Global Reach

    Grey serves major corridors like US to Nigeria, UK to Kenya, and EU to Latin America, with a focus on Africa, Europe, and Southeast Asia. Users like Jane, a student in the UK, praise Grey for making tuition payments and managing multi-currency accounts “effortless” .

     

    Who Owns and Operates Grey Finance?


    Grey Finance was co-founded in 2020 by Idorenyin Obong and Femi Aghedo, two visionary entrepreneurs aiming to solve cross-border payment challenges for Africans. Originally named Aboki Africa, the company rebranded to Grey in 2022 to reflect its global ambitions .


    Leadership & Partnerships


    Grey’s growth is backed by investors like Y Combinator and Ingressive Capital, alongside strategic partnerships with:


    ● Cellulant: For mobile money payouts in East Africa .

    ● dLocal: Facilitating transfers in LATAM and Southeast Asia .

    ● Insured Nomads: Offering discounted travel insurance for freelancers .

    Regulated by FinCEN (USA) and FINTRAC (Canada), Grey ensures compliance with international financial standards .

     

    How Does Grey Finance Work?


    Sending money with Grey is straightforward:


    Step 1: Create an Account

    Sign up via the app or website and complete KYC verification (requires a government ID and video selfie) .


    Step 2: Choose a Transfer Method

    ● Bank Deposits: Direct to recipient’s account.

    ● Mobile Wallets: M-Pesa in Kenya, GHS in Ghana .

    ● Virtual USD Card: For online spending or ATM withdrawals .


    Step 3: Track Transfers

    Monitor transactions in real time through Grey’s app or dashboard .

     

    What Are the Fees and Exchange Rates?


    Grey offers transparent pricing:


    ● Currency Conversion: 1% fee (capped at $6 for Group A currencies like USD-KES or EUR-GBP) .

    ● Cross-Border Fees: 2% + $0.50 for non-USD card transactions .

    ● Virtual Card Creation: One-time $5 fee .


    Exchange Rates


    Grey uses real-time mid-market rates with no markups. For example, converting $1,000 to NGN incurs a max fee of $6, compared to traditional banks charging 3-5%


    Service Grey Finance Competitors (e.g., Wise)

    USD to NGN Fee 1% (max $6) 0.5%-1.5% + fixed fee

    Transfer Speed Minutes 1-2 days

     

    How Fast Are Transfers with Grey Finance?


    ● Bank Transfers: 30 minutes to 24 hours .

    ● Mobile Wallets: Instant in Kenya (M-Pesa) .

    ● USDC Transactions: Near-instant via Ethereum/TRON networks .


    Delays may occur due to bank processing or regulatory checks, but Grey’s 24/7 tracking keeps users informed .

     

    Is Grey Finance Secure and Regulated?


    Grey employs:


    ● Bank-Grade Encryption: Protects user data.

    ● 2FA & Fraud Detection: Secures login and transactions .

    ● KYC/AML Compliance: Mandatory ID verification to prevent fraud .


    Licensed by FinCEN and FINTRAC, Grey adheres to strict anti-money laundering policies .

     

    Which Countries and Payment Methods Are Supported?


    Supported Regions


    ● Africa: Nigeria, Kenya, Ghana, Uganda.

    ● Americas: USA, Brazil, Mexico.

    ● Europe & Asia: UK, Philippines, Indonesia .


    Popular Payment Methods


    ● Debit/Credit Cards

    ● Bank Transfers (ACH, SEPA)

    ● Mobile Money (M-Pesa, GHS)

    ● Cash Pickup (Partner locations) .

    CONTACT ADDRESS
    651 N Broad St, Suite 206, Middletown, DE 19709
    WEBSITE
    PHONE NUMBER
    07036884558
    EMAIL
    support@grey.co
    Product Details

    About GreyFinance

    Requirements for savings

      States Covered

      None

      Provider Details

      About provider


      What is Grey Finance?


      Grey Finance is a leading International Money Transfer Operator (IMTO) revolutionizing cross-border payments for freelancers, remote workers, and businesses. Founded in 2020, Grey simplifies global transactions by offering low-fee international transfers, multi-currency accounts, and virtual USD cards, all while prioritizing transparency and user convenience .


      Mission & Core Services


      Grey’s mission is to empower users to send money online securely and affordably, breaking down financial barriers across 80+ countries. Key services include:


      ● Currency exchange at competitive rates (40+ currencies supported) .

      ● Virtual foreign accounts (USD, GBP, EUR) for receiving payments globally .

      ● Instant conversions with mid-market rates and no hidden fees .

      ● Bill payments, invoicing, and gift card purchases .


      Global Reach

      Grey serves major corridors like US to Nigeria, UK to Kenya, and EU to Latin America, with a focus on Africa, Europe, and Southeast Asia. Users like Jane, a student in the UK, praise Grey for making tuition payments and managing multi-currency accounts “effortless” .

       

      Who Owns and Operates Grey Finance?


      Grey Finance was co-founded in 2020 by Idorenyin Obong and Femi Aghedo, two visionary entrepreneurs aiming to solve cross-border payment challenges for Africans. Originally named Aboki Africa, the company rebranded to Grey in 2022 to reflect its global ambitions .


      Leadership & Partnerships


      Grey’s growth is backed by investors like Y Combinator and Ingressive Capital, alongside strategic partnerships with:


      ● Cellulant: For mobile money payouts in East Africa .

      ● dLocal: Facilitating transfers in LATAM and Southeast Asia .

      ● Insured Nomads: Offering discounted travel insurance for freelancers .

      Regulated by FinCEN (USA) and FINTRAC (Canada), Grey ensures compliance with international financial standards .

       

      How Does Grey Finance Work?


      Sending money with Grey is straightforward:


      Step 1: Create an Account

      Sign up via the app or website and complete KYC verification (requires a government ID and video selfie) .


      Step 2: Choose a Transfer Method

      ● Bank Deposits: Direct to recipient’s account.

      ● Mobile Wallets: M-Pesa in Kenya, GHS in Ghana .

      ● Virtual USD Card: For online spending or ATM withdrawals .


      Step 3: Track Transfers

      Monitor transactions in real time through Grey’s app or dashboard .

       

      What Are the Fees and Exchange Rates?


      Grey offers transparent pricing:


      ● Currency Conversion: 1% fee (capped at $6 for Group A currencies like USD-KES or EUR-GBP) .

      ● Cross-Border Fees: 2% + $0.50 for non-USD card transactions .

      ● Virtual Card Creation: One-time $5 fee .


      Exchange Rates


      Grey uses real-time mid-market rates with no markups. For example, converting $1,000 to NGN incurs a max fee of $6, compared to traditional banks charging 3-5%


      Service Grey Finance Competitors (e.g., Wise)

      USD to NGN Fee 1% (max $6) 0.5%-1.5% + fixed fee

      Transfer Speed Minutes 1-2 days

       

      How Fast Are Transfers with Grey Finance?


      ● Bank Transfers: 30 minutes to 24 hours .

      ● Mobile Wallets: Instant in Kenya (M-Pesa) .

      ● USDC Transactions: Near-instant via Ethereum/TRON networks .


      Delays may occur due to bank processing or regulatory checks, but Grey’s 24/7 tracking keeps users informed .

       

      Is Grey Finance Secure and Regulated?


      Grey employs:


      ● Bank-Grade Encryption: Protects user data.

      ● 2FA & Fraud Detection: Secures login and transactions .

      ● KYC/AML Compliance: Mandatory ID verification to prevent fraud .


      Licensed by FinCEN and FINTRAC, Grey adheres to strict anti-money laundering policies .

       

      Which Countries and Payment Methods Are Supported?


      Supported Regions


      ● Africa: Nigeria, Kenya, Ghana, Uganda.

      ● Americas: USA, Brazil, Mexico.

      ● Europe & Asia: UK, Philippines, Indonesia .


      Popular Payment Methods


      ● Debit/Credit Cards

      ● Bank Transfers (ACH, SEPA)

      ● Mobile Money (M-Pesa, GHS)

      ● Cash Pickup (Partner locations) .

      CONTACT ADDRESS
      651 N Broad St, Suite 206, Middletown, DE 19709
      WEBSITE
      PHONE NUMBER
      07036884558
      EMAIL
      support@grey.co

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