Storyline
Grey Launches Diaspora Payroll Tool
Timeline
- Fri, Nov 6LatestUnverified — not yet reviewed
Grey Secures CBN IMTO Licence, Opening Regulated Nigerian Remittance Rails
YC-backed Nigerian fintech Grey has received Central Bank of Nigeria approval to operate as an International Money Transfer Operator, formally authorising it to process inbound remittances into Nigeria. The licence is being read as a significant regulatory unlock for one of Africa's largest remittance corridors.
- Thu, Nov 5Unverified — not yet reviewed
Grey Gets Nigerian IMTO Licence as Egypt's Raya Moves Into Digital Banking
A TechCabal daily digest confirms Grey's Central Bank of Nigeria International Money Transfer Operator licence alongside a separate report that Egypt's Raya is making a move into digital banking. The two developments represent distinct regulatory and market-entry signals from Nigeria and Egypt respectively.
- Wed, Nov 4Unverified — not yet reviewed
Grey Secures CBN IMTO Licence, Unlocking Formal Nigerian Inbound Remittance Rails
YC-backed fintech Grey has secured a Central Bank of Nigeria International Money Transfer Operator licence, formally authorising it to process inbound remittances into Nigeria. The approval is being read as a significant regulatory unlock for one of Africa's largest remittance corridors.
- Tue, Nov 3Unverified — not yet reviewed
Grey Secures CBN IMTO Licence, Formalising Nigerian Remittance Rails
Nigerian fintech Grey has obtained a Central Bank of Nigeria International Money Transfer Operator licence, formally legitimising its inbound remittance infrastructure and adding to its recent expansion into credit, savings and direct intra-African payment corridors. The approval is being read as a signal of regulatory maturation for African fintech cross-border operators.
- Sun, Nov 1Unverified — not yet reviewed
Grey Building Direct Intra-African Payment Rails to Bypass Dollar Corridors
Grey is building direct payment rails between African markets to reduce reliance on US dollar intermediation, addressing what the company describes as a structural cross-border payment bottleneck across the continent. The initiative extends Grey's previously reported Paycheck expansion, positioning the company as an infrastructure player in African currency corridors rather than solely a cross-border payments platform.
- Sat, Oct 31Unverified — not yet reviewed
Grey Expands Into Credit and Savings, Targets Direct African Currency Corridors
Grey is expanding its Paycheck suite to convert FX paychecks into credit for Africa's growing remote-worker segment, while simultaneously building direct currency corridors between African markets to reduce reliance on the US dollar. The dual strategy positions the company as a broader financial platform beyond its cross-border payments origins.
- Fri, Oct 30Unverified — not yet reviewed
Grey Expands Beyond Payments Into Credit, Cards and Savings With Paycheck Launch
Nigerian cross-border fintech Grey has launched a product suite under the Paycheck brand that extends the company's offering into credit, payment cards and savings, marking a strategic pivot from a payments-focused model to full financial services. The expansion targets Grey's base of over three million users and builds on the company's reported $5 billion in total payment volume.
- Thu, Oct 29Unverified — not yet reviewed
Grey Launches Paycheck Product Targeting African Diaspora Payroll Beyond Three Million Users
Grey has launched a payroll product called Paycheck as the company targets growth beyond its current three million users. The company reports having processed $5 billion in total payment volume with 170 percent TPV growth, positioning Paycheck as a tool for African diaspora payroll management.