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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
Social
XFacebook
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
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
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Grey's founders and board of directors

Founder? Claim Profile
The 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:

Grey's employee count trend

Grey has 96 employees as of Aug 26. Here is Grey's employee count trend over the years:
Employee count trend for Grey
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Taptap Send
Taptap Send
2018, London (United Kingdom), Series B
App-based digital wallet for cross-border money transfers
$80M
78/100
2nd
Logo for Chipper Cash
Chipper Cash
2018, San Francisco (United States), Series C
Cross-border remittance platform for individuals
$305M
77/100
3rd
Logo for YouTrip
YouTrip
2018, Singapore (Singapore), Series B
NFC-enabled travel cards and multi-currency wallet transfer service for travelers
$106M
75/100
4th
Logo for LemFi
LemFi
2020, London (United Kingdom), Series B
Provider of global money transfer and multi-currency wallet services
$86.9M
74/100
5th
Logo for PaySend
PaySend
2015, Valletta (Malta), Series B
Provider of international money transfer services enabling fast, low-cost cross-border payments
$252M
73/100
6th
Logo for bKash
bKash
2011, Dhaka (Bangladesh), Series C
Mobile financial services and payment system for consumers
$261M
73/100
7th
Logo for nsave
nsave
2022, London (United Kingdom), Series A
Multi-currency accounts and investment service provider
$22.5M
71/100
8th
Logo for Telcoin
Telcoin
2013, Los Angeles (United States), Seed
Wallet-enabled cross-border payment solution for consumers
$35M
70/100
9th
Logo for Sling Money
Sling Money
2022, Dover (United States), Series A
Fintech platform providing a global payment solution
$20M
68/100
10th
Logo for Airtm
Airtm
2015, Mexico City (Mexico), Series A
Wallet for cross-border money transfers
$24.6M
66/100
12th
Logo for Grey
Grey
2020, Middletown (United States), Seed
Online platform for cross-border remittance and currency exchange
$2.5M
65/100
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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

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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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FAQs about Grey

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