Grey vs Dext
Side-by-side comparison of AI visibility scores, market position, and capabilities
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.
About
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.
Bookkeeping automation for accountants and SMBs; formerly Receipt Bank; $80M raised; London; OCR and AI extract supplier, amount, and tax from receipts into accounting systems automatically.
About
Dext is a London-based bookkeeping automation platform, formerly known as Receipt Bank, that provides receipt capture, expense management, and document processing tools for accountants, bookkeepers, and their small business clients. Founded in 2010, the company rebranded to Dext in 2021 to reflect its expanded product scope beyond pure receipt scanning. Dext has raised $80M in funding and serves hundreds of thousands of accounting professionals and small businesses across the United Kingdom, North America, Australia, and Europe. The platform's core functionality allows users to capture photos of receipts and invoices via mobile app or email, after which Dext's OCR and AI technology extracts key data—supplier, amount, date, tax, and category—and publishes the record to the connected accounting system without manual data entry.\n\nDext has evolved from a receipt capture tool into a broader accounting automation platform with the addition of Dext Commerce for e-commerce transaction management and Dext Prepare for supplier document management. The company positions its product suite as a pre-accounting layer that standardizes and enriches document data before it enters the accounting system, reducing the manual cleanup work that accountants perform on transactions imported from lower-quality data sources. Dext's accountant-centric distribution model—where accounting firms adopt the platform for their client portfolio—mirrors the partner model used by competitors like Botkeeper and Hubdoc.\n\nDext's integration ecosystem covers QuickBooks Online, Xero, Sage, and dozens of other accounting platforms, making it compatible with virtually any accounting firm's technology stack. The company acquired Greenback in 2022, adding transaction fetching capabilities for bank and e-commerce accounts to its document processing platform. Dext competes with Hubdoc (owned by Xero), AutoEntry, and Lightyear in the document processing and bookkeeping automation market, differentiating on the breadth of its extraction accuracy, its multi-product suite, and its established global accountant distribution network.
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