Grey Launches “Grey Business” to Power Cross-Border Payments for African SMEs

Grey, a leading Nigerian remittance fintech, has launched Grey Business, a powerful suite of financial tools designed to help African SMEs and startups manage global transactions and grow internationally.

This move marks a strategic shift for the company — from serving individual freelancers to building the financial backbone for Africa’s emerging digital and creative economy.

Connecting African Businesses to the Global Economy

“Our focus is really just improving the interconnectivity of the digital world,” said Iheakachi Nwabueze, Head of Global Marketing and Growth at Grey, during the Moonshot Conference on October 16. “We’re making it possible for everyone in a developing economy to have access to the same financial tools that their Western counterparts enjoy.”

As Africa’s gig, creator, and startup ecosystem grows, millions of entrepreneurs face obstacles when dealing with international clients due to slow transfers, high fees, and complex compliance barriers.

Grey’s new product aims to bridge this gap by providing faster, affordable, and compliant international payments tailored to African businesses.

What Grey Business Offers

Grey Business extends the company’s existing remittance tools into a full business suite, featuring:

• Multi-currency business accounts (USD, EUR, GBP)

• Virtual cards for global spending

• Invoicing and bookkeeping tools

• Seamless international payments

This enables businesses — for example, a startup in Lagos or Nairobi — to receive investments from abroad, pay global partners, or hire international talent as easily as local transfers.

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Solving Real Problems for African Entrepreneurs

Nwabueze shared a practical example of how Grey’s technology works in real life. While attending a conference in Nairobi, she funded her Grey account in Nigerian Naira and paid a local vendor using Kenya’s M-Pesa mobile money system.

“It’s great for me to always see how we’re directly impacting people’s lives,” she said. “This is a real problem that people have, and Grey is solving it.”

Compliant and Secure Global Operations

Grey operates under FinCEN and FINTRAC licences in the US and Canada, and collaborates only with licensed financial partners in the countries it serves.

“This is important to everyone at the company,” Nwabueze emphasized. “We work exclusively with registered providers to ensure our users’ security and compliance.”

A Step Toward Africa’s Financial Future

Set to officially launch next Friday, Grey Business represents a major leap for the Lagos-based fintech. By evolving from individual remittances to full business banking, Grey is positioning itself as a cornerstone platform for Africa’s next wave of global companies.

With the rise of remote work, digital exports, and global payments, Grey is equipping African entrepreneurs with the tools they need to compete — and thrive — in the global economy.