Grey, the Y Combinator-backed cross-border payments business, has actually introduced Paycheck, a wage represent specialists making in United States dollars, British pounds, and euros, as it sets its sights on growing beyond its present base of 3 million users.
The business, which has actually processed almost $5 billion in payments given that its beginning and taped a 170% year-on-year boost in overall payment volume, revealed the brand-new item at Moonshot by TechCabal 2026 in Lagos, Nigeria, on Wednesday.
“After a month of work, staff members must have more to anticipate than the extra obligation of arranging through deals and tracking their incomes,” Idorenyin Obong, Grey’s co-founder and ceo, stated throughout a keynote address at Moonshot.
“A wage is main to how individuals satisfy their requirements, strategy ahead, and construct monetary security. Our company believe the monetary services they utilize must show that significance.”
Established in 2020 by Obong and Femi Aghedo, Grey has actually broadened from a currency exchange platform to a cross-border payments business serving people and companies.
Its most current item, Paycheck, extends that growth into income management for specialists making in foreign currencies.
Income enables users to get and handle their wages in foreign currencies, instantly arrange wage deals, and gain access to advantages consisting of greater rates of interest on cost savings, increased deal limitations, and top priority client assistance.
Existing clients getting incomes through Grey can trigger Paycheck without altering their account information. New users can share their Grey account info with companies or payroll suppliers, with the service triggered after their next certifying income payment.
The launch marks another action in Grey’s efforts to move beyond helping with cross-border deals into providing monetary services constructed around repeating earnings.
Grey Business, its multi-currency payment platform for start-ups and small companies, has actually processed almost $100 million given that releasing in February 2026. The platform permits companies to get global payments, handle foreign currency accounts, and send out cash throughout borders.
In June, TechCabal reported that the platform had actually processed $61.4 million in its very first 4 months, driven partially by need for stablecoin-based deals.
The business stated African markets, consisting of Kenya, continue to tape-record strong development, with 30% month-on-month development.
Grey has actually likewise presented Chinese yuan payments, allowing people and organizations to pay providers and other receivers in China. The business runs throughout 70 nations and supports payments to over 170 locations worldwide.
Throughout his Moonshot keynote, Obong stated the business was aiming to broaden beyond its present consumer base, with aspirations to reach 10 million, and ultimately 20 million users.
Grey’s technique is that clients who concern the platform to gather cash from abroad will have more factors to remain if they can likewise handle their incomes there.
With Paycheck, the business wishes to turn a periodic deal into a routine monetary routine.
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