Grey Launches ‘Grey Business’ to Simplify Global Payments for African Startups and SMEs
Global fintech leader Grey has officially launched Grey Business, a transformative multi-currency payments platform. Designed specifically for startups and SMEs across Africa and other emerging markets, the platform aims to streamline international transactions with unprecedented speed and transparency. This strategic move addresses a critical need in regions where financial infrastructure is rapidly evolving, much like recent developments where Petralon Energy appoints new leadership to drive sector growth.
The official launch event was held on February 10, 2026, as an exclusive side event during the Africa Tech Summit in Nairobi. Grey partnered with Paystack and Antler to host the unveiling, which featured a live product demonstration by the company’s founders. Grey Business empowers companies to open and operate USD corporate accounts, send and receive payments globally, and convert currencies instantly at real-time exchange rates. The platform further enhances flexibility by supporting USDC and USDT stablecoin transactions.
This launch represents a significant expansion of Grey’s mission to democratize seamless cross-border banking. For years, African entrepreneurs have been hampered by complex processes, slow settlements, hidden fees, and limited foreign account access—barriers that stifle international growth. Grey Business is engineered to eliminate these obstacles, enabling users to transact globally as easily as they would locally. As discussions on economic empowerment continue, from analyzing how Gov Idris implements local policies to observing when Presco shares hit market milestones, financial tool accessibility remains a universal cornerstone for business success.
“We’ve seen too many businesses lose time and money waiting for payments to clear,” said Idorenyin Obong, CEO and Co-founder of Grey. “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.”
The timing is pivotal, as Africa’s cross-border payments market is projected to exceed $1 trillion by 2035. Grey, regulated in the U.S. by FinCEN and in Canada by FINTRAC, is positioned to capture this growth. The company currently serves nearly 3 million users across 70 countries and facilitates transfers to over 170 destinations worldwide. More than 1,000 businesses signed up during the product’s beta period, signaling strong demand. This B2B expansion complements Grey’s existing services for individuals and remote professionals, creating a comprehensive financial ecosystem. In a climate where Tinubu seeks Senate approval for key economic initiatives, private sector innovations like Grey Business are crucial for enabling SMEs to fully participate in the global economy and scale efficiently, bringing a new level of operational confidence to markets buzzing with activity, from boardrooms to the vibrant energy of Detty December in Lagos.
