# Grey

**Source:** https://geo.sig.ai/brands/grey  
**Vertical:** Finance  
**Subcategory:** General  
**Tier:** Emerging  
**Website:** grey.co  
**Last Updated:** 2026-04-14

## Summary

Fintech providing US/EU/UK bank accounts to African and LATAM remote workers for international payments; $8.1M revenue in 2024 with M&A offer received competing with Chipper Cash.

## Company Overview

Grey is a fintech company providing US, EU, and UK bank accounts to remote workers, freelancers, and digital professionals in Africa, Latin America, and Asia — enabling users in countries with limited access to hard-currency banking to receive international payments in USD, EUR, or GBP, and convert to local currencies at competitive rates. Founded in 2020 and backed by Y Combinator, Grey raised funding and grew to $8.1 million in revenue by December 2024 with a 55-person team, serving 10+ countries and receiving an M&A acquisition offer in April 2025.\n\nGrey's platform provides verified USD/EUR/GBP bank account details (routing and account numbers, IBAN, sort codes) that users in Nigeria, Ghana, Kenya, Mexico, and other markets can use to receive payments from international clients and employers through platforms like Payoneer, Wise, or direct wire transfers. This solves the fundamental problem for African and Latin American professionals doing business internationally — without a US or European bank account, receiving dollar payments is slow, expensive, and often requires intermediaries that take significant fees. Grey competes by offering legitimate bank infrastructure at low cost.\n\nIn 2025, Grey competes with Chipper Cash (cross-border money transfer in Africa), Payday (similar Africa-focused USD account), and Eversend for international banking access in emerging markets. The market for "global bank accounts for borderless professionals" has grown significantly as remote work has enabled skilled workers in lower-cost markets to work for international companies, creating demand for the banking infrastructure to receive those payments. The M&A offer received in April 2025 reflects acquisition interest in Grey's verified account infrastructure and user base across multiple emerging markets. The 2025 strategy evaluates strategic options while continuing geographic expansion across Africa and Latin America.

## Frequently Asked Questions

### What is Grey?
Grey is a fintech company that provides US, EU, and UK banking services specifically designed for remote workers and digital nomads in emerging markets. Founded in 2020 and part of Y Combinator's W22 batch, Grey enables users to access global banking services with free USD, EUR, or GBP accounts.

### What products and services does Grey offer?
Grey offers free USD, EUR, and GBP accounts that allow users to receive salary and payments, convert to 11+ currencies (including MXN, BRL, PHP, IDR, ZAR, NGN, KES, TZS, GHS), and send funds to local bank accounts or mobile money wallets. The platform specializes in banking solutions for remote workers and digital nomads.

### Who is Grey designed for?
Grey is designed for remote workers, digital nomads, and creatives in emerging markets. The company serves customers in Brazil, Ghana, Indonesia, Mexico, Philippines, South Africa, Kenya, Tanzania, Uganda, and Nigeria.

### When was Grey founded?
Grey was founded in 2020.

### Where is Grey based?
Grey is based in the United States.

### What investors or accelerators back Grey?
Grey is backed by Y Combinator, participating in their W22 (Winter 2022) batch.

### What are Grey's key achievements and metrics?
Grey achieved $8.1M in revenue in December 2024, up from $2.3M in June 2024. The company has grown to a 55-person team and received an M&A offer in April 2025.

### How does Grey's currency conversion work?
Grey allows users to receive payments in USD, EUR, or GBP, then convert those funds to other currencies including MXN, BRL, PHP, IDR, ZAR, NGN, KES, TZS, and GHS. Users can then send these converted funds to local bank accounts or mobile money wallets.

### How much does Grey charge for accounts?
Grey offers free USD, EUR, and GBP accounts to its users.

### What recent developments has Grey announced?
Grey's most recent developments include achieving $8.1M in revenue by December 2024 (up from $2.3M in June 2024) and receiving an M&A offer in April 2025. The company has expanded to serve customers in 10+ countries with a team of 55 employees.

## Tags

b2b, fintech, payment-processing, platform, africa, scaleup

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*