Grey Appoints Kimihiro Takano As Managing Director of Grey Japan

Company

Location

About

Last year, the startup raised an undisclosed pre-seed investment and got accepted into YC’s Winter batch this year. COO Aghedo said the company privately launched a business-focused product, Grey Business, to complement this consumer-facing growth and extend its product beyond remittances and person-to-person payments. Nigerian fintech Grey gets backing from Y CombinatorThe lack of interoperability between African currencies is one reason businesses on the continent use the dollar to pay one another instead of local currencies. Idorenyin Obong and Femi Aghedo founded Grey in July 2020 as an instant exchange service to help Nigerians exchange foreign currencies in their domiciliary account for local money — the naira. Grey claims to have about 100,000 individual users, and since the beginning of the year, its transaction volumes have increased by 200%. “Grey was founded to empower people to live a location-independent lifestyle.