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Remittances company Grey, has announced its expansion into East Africa in partnership with payments firm Cellulant, as they move to address the difficulties of sending and receiving international funds starting with Kenya.
Grey is a Y-combinator backed fintech startup that offers international money transfer services that enable its users to send and receive international payments without restrictions swiftly.
In the collaboration, Cellulant is the company’s payments processor powering its payouts to thousands of Grey’s customers.
Grey’s services, including foreign bank accounts, instant currency exchange, and international money transfers, are now available to resident in Kenya who sign up on Grey.
Users can create virtual foreign USD, GBP, and EUR bank accounts for free. They can also receive payments and convert directly to Kenya Shillings or the Nigerian Naira.
Grey says their services can help small businesses, freelancers, remote workers, and content creators in Kenya to enjoy a seamless payment process.
Kenyans will also be able to get paid in their preferred foreign currency and withdraw directly to M-Pesa or their local bank account.
Grey was launched in 2021 by Idorenyin Obong and Femi Aghedo, who wanted to help Nigerians easily exchange to local currency and access the foreign currencies in their accounts.
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