Grey Business Launches to Streamline Global Payments for African Startups and SMEs
Global fintech company Grey has officially launched Grey Business, a multi-currency payments platform designed to help startups and small to medium-sized enterprises (SMEs) across Africa and other emerging markets manage international transactions with unprecedented speed and transparency. This new product marks a significant expansion of Grey's mission to make seamless cross-border banking accessible to individuals and businesses worldwide.
Launch Event and Platform Capabilities
Grey Business was officially launched on February 10, 2026, at an exclusive side event during the Africa Tech Summit in Nairobi, hosted in partnership with Paystack and Antler. The launch featured a live product demonstration by the founders, showcasing the platform's comprehensive capabilities.
The platform enables companies to open and operate USD corporate accounts, send and receive payments globally, and convert currencies instantly at real-time exchange rates. Additionally, Grey Business supports USDC and USDT stablecoin transactions, providing businesses with enhanced flexibility in how they manage and move funds across borders.
Addressing Longstanding Challenges
For years, African entrepreneurs and companies have faced complex and expensive cross-border payment processes, slow settlement times, hidden charges, and limited access to foreign accounts, all of which hinder international expansion. Grey Business eliminates these barriers, allowing users to transact globally as easily as they would locally.
Idorenyin Obong, CEO and Co-founder of Grey, emphasized this point: "We've seen too many businesses lose time and money waiting for payments to clear. Every conversation with business owners came back to the same pain point: payments. Grey Business was built from those stories. We want to give African companies the freedom to grow without borders."
Market Context and Regulatory Framework
Africa's cross-border payments market is projected to exceed $1 trillion by 2035, yet inefficiencies in remittances and foreign exchange remain a major challenge. By providing transparent rates and instant settlements, Grey aims to help startups and small businesses fully participate in the global economy and scale faster.
Regulated in the U.S. by FinCEN and in Canada by FINTRAC, Grey currently serves nearly 3 million users across 70 countries and facilitates transfers to more than 170 destinations worldwide. More than 1,000 businesses signed up during Grey Business's beta period, indicating strong initial demand.
Strategic Expansion and Future Outlook
The launch marks Grey's strategic expansion into the B2B payments space, complementing its existing offerings for individuals and remote professionals. With this milestone, Grey continues to bridge financial gaps for entrepreneurs in emerging markets, offering a single platform where businesses can bank, pay, and operate internationally with confidence.
Businesses interested in leveraging this new solution can register for Grey Business at grey.co/business. This initiative underscores Grey's commitment to providing secure and convenient global banking solutions tailored to the needs of customers and businesses in emerging markets.
