Grey launches Paycheck, targets growth beyond three million users
The company, which has processed nearly $5 billion in payments since inception and recorded a 170% year-on-year increase in total payment volume, announced the new product at Moonshot by TechCabal 2026 in Lagos, Nigeria on Wednesday.
Grey, a Y Combinator-backed cross-border payments company, has launched Paycheck, a salary account targeting users earning in United States dollars, British pounds, and euros. The new product aims to grow beyond its current base of three million users, with CEO Idorenyin Obong stating that employees should have more to look forward to than managing transactions and tracking earnings.
Paycheck allows users to receive and manage their salaries in foreign currencies, organizes salary transactions, and provides benefits such as higher interest rates on savings, increased transaction limits, and priority customer support.
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