Grey, the Y Combinator-backed cross-border bills corporate, has introduced Paycheck, a wage account for pros incomes in United States greenbacks, British kilos, and euros, because it units its points of interest on rising past its present base of 3 million customers.
The corporate, which has processed just about $5 billion in bills since its inception and recorded a 170% year-on-year build up in overall fee quantity, introduced the brand new product at Moonshot by way of TechCabal 2026 in Lagos, Nigeria, on Wednesday.
“After a month of labor, workers must have extra to look ahead to than the extra accountability of sorting via transactions and keeping an eye on their profits,” Idorenyin Obong, Gray’s co-founder and leader govt officer, stated all over a keynote cope with at Moonshot.
“A wage is central to how folks meet their wishes, plan forward, and construct monetary safety. We imagine the monetary products and services they use must replicate that significance.”
Based in 2020 by way of Obong and Femi Aghedo, Gray has expanded from a forex change platform to a cross-border bills corporate serving people and companies.
Its newest product, Paycheck, extends that growth into wage control for pros incomes in foreign exchange.
Paycheck lets in customers to obtain and set up their salaries in foreign exchange, routinely organise wage transactions, and get right of entry to advantages together with upper rates of interest on financial savings, greater transaction limits, and precedence buyer reinforce.
Current consumers receiving salaries via Gray can turn on Paycheck with out converting their account main points. New customers can proportion their Gray account data with employers or payroll suppliers, with the carrier activated after their subsequent qualifying wage fee.
The release marks some other step in Gray’s efforts to transport past facilitating cross-border transactions into providing monetary products and services constructed round habitual source of revenue.
Gray Industry, its multi-currency fee platform for startups and small companies, has processed just about $100 million since launching in February 2026. The platform lets in companies to obtain world bills, set up foreign currencies accounts, and ship cash throughout borders.
In June, TechCabal reported that the platform had processed $61.4 million in its first 4 months, pushed in part by way of call for for stablecoin-based transactions.
The corporate stated African markets, together with Kenya, proceed to document robust enlargement, with 30% month-on-month enlargement.
Gray has additionally introduced Chinese yuan payouts, enabling people and companies to pay providers and different recipients in China. The corporate operates throughout 70 nations and helps payouts to over 170 locations international.
All the way through his Moonshot keynote, Obong stated the corporate was once having a look to make bigger past its present buyer base, with ambitions to succeed in 10 million, and sooner or later 20 million customers.
Gray’s technique is that buyers who come to the platform to assemble cash from out of the country could have extra causes to stick if they are able to additionally set up their paychecks there.
With Paycheck, the corporate desires to show an occasional transaction into a typical monetary addiction.