GreyFinance
GreyFinance
About GreyFinance
Requirements for savings
States Covered
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) .
About GreyFinance
Requirements for savings
States Covered
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) .
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