Grey - About the company
Grey is a seed company based in Middletown (United States), founded in 2020 by Idorenyin Obong and Joseph Femi Aghedo. It operates as an Online platform for cross-border remittance and currency exchange. Grey has raised $2.5M in funding from investors like Y Combinator, True Capital Management and Soma Capital, with a current valuation of $*****. The company has 523 active competitors, including 57 funded and 11 that have exited. Its top competitors include companies like Taptap Send, Chipper Cash and YouTrip.
Company Details
Online platform for cross-border remittance and currency exchange. It offers multi-currency accounts that enable individuals and businesses to send and receive money globally. It features virtual cards for cross-border bill payments, currency exchange with multiple payment methods, and more.
- Website
- grey.co
- Email ID
- *****@grey.co
Key Metrics
Founded Year
2020
Location
Middletown, United States
Stage
Seed
Total Funding
$2.5M in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jan 24, 2022
Investors
Ranked
12th among 523 active competitors
Employee Count
96 as on Aug 31, 2026
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Grey's funding and investors
Grey has raised a total funding of $2.5M over 2 rounds. Its first funding round was on Jan 24, 2022. Its latest funding round was a Seed round on Aug 29, 2022 for $*****. 7 investors participated in its latest round. Grey has 7 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of Grey:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 29, 2022 | 5535009 | Seed | 4784377 | 4021889 | 8477628 | 6156224 |
Jan 24, 2022 | 2757663 | Seed | 4850014 | 3744428 | 5681370 |
View details of Grey's funding rounds and investors
Grey's founders and board of directors
Founder? Claim ProfileThe founders of Grey are Idorenyin Obong and Joseph Femi Aghedo. Idorenyin Obong is the CEO of Grey.
Here are the details of Grey's key team members:
- Idorenyin Obong: Co-Founder & CEO of Grey.
- Joseph Femi Aghedo: Co-Founder & COO of Grey. Contact Info: 1 email address
View details of Grey's Founder profiles and Board Members
Grey's employee count trend
Grey has 96 employees as of Aug 26. Here is Grey's employee count trend over the years:
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Grey's Competitors and alternates
Top competitors of Grey include Taptap Send, Chipper Cash and YouTrip. Here is the list of Top 10 competitors of Grey, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Taptap Send 2018, London (United Kingdom), Series B | App-based digital wallet for cross-border money transfers | $80M | 78/100 | |
2nd | Chipper Cash 2018, San Francisco (United States), Series C | Cross-border remittance platform for individuals | $305M | 77/100 | |
3rd | NFC-enabled travel cards and multi-currency wallet transfer service for travelers | $106M | 75/100 | ||
4th | LemFi 2020, London (United Kingdom), Series B | Provider of global money transfer and multi-currency wallet services | $86.9M | 74/100 | |
5th | Provider of international money transfer services enabling fast, low-cost cross-border payments | $252M | 73/100 | ||
6th | bKash 2011, Dhaka (Bangladesh), Series C | Mobile financial services and payment system for consumers | $261M | 73/100 | |
7th | nsave 2022, London (United Kingdom), Series A | Multi-currency accounts and investment service provider | $22.5M | 71/100 | |
8th | Telcoin 2013, Los Angeles (United States), Seed | Wallet-enabled cross-border payment solution for consumers | $35M | 70/100 | |
9th | Sling Money 2022, Dover (United States), Series A | Fintech platform providing a global payment solution | $20M | 68/100 | |
10th | Wallet for cross-border money transfers | $24.6M | 66/100 | ||
12th | Grey 2020, Middletown (United States), Seed | Online platform for cross-border remittance and currency exchange | $2.5M | 65/100 |
Looking for more details on Grey's competitors? Click here to see the top ones
Grey's Investments and acquisitions
Grey has made no investments or acquisitions yet.
Reports related to Grey
Here is the latest report on Grey's sector:
News related to Grey
Media has covered Grey for a total of 10 events in the last 1 year, 9 of them have been about company updates and 1 about partnerships.
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Nigerian Fintech Grey Expands Payout Routes to Senegal, Ivory Coast, Cameroon, RwandaDisruptafrica•Sep 23, 2026•Grey
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Grey Business Platform Achieves $61.4M in Transaction Volume in Four Months, Driven by StablecoinsInnovation-village•Jun 30, 2026•Grey
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Grey Business Processes $61 Million in Payments, Driven by Stablecoin DemandTechCabal•Jun 05, 2026•Grey
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Grey Expands Global Business Banking with New USD-Based Payment CapabilitiesAccess Newswire•Feb 23, 2026•Grey
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Cross-Border Payments Startup Grey Expands to North Africa, Targeting $64B MarketFintech Finance•Oct 16, 2025•Grey
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Grey and Clear Junction Partner to Improve Global Payments for Location-Independent IndividualsWebDisclosure•Jan 27, 2025•Grey, Clear Junction
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