Grey and Cellulant Partnership Reiterates African Startups’ Efforts for International Transactions

With the recent news of Grey and Cellulant’s partnership, the efforts of African startups to make financial transactions between countries seamless are increasingly apparent.

Just four months ago, Grey got accepted into Y Combinator’s 2022 winter batch for startups. It also rebranded its identity during the same period, changing its name, interface, and logo to better serve a larger mission.

Cellulant, on the other hand has been relentless in its quest to improve cross-border payments and make them simpler and less centralised. Cellulant is slowly achieving its goals through several partnerships.

In line with this, Grey’s partnership with Cellulant enables its launch in East Africa, spreading its products such as foreign bank accounts, instant currency exchange, and international money transfers, to Kenyans who sign up on Grey.

Kenyans now have the ability to get paid in their preferred currency and withdraw money directly to M-Pesa. Travellers to Nairobi can also convert any supported currency into Kenyan Shillings and pay directly to M-Pesa. They can also withdraw to local bank accounts.

Grey provides a unique international money transfer service which allows users to send and receive international funds quickly and without any restrictions. Cellulant is the company’s payments processor powering its payouts to thousands of Grey’s customers.

Grey’s instant currency exchange service allows customers to open virtual international bank accounts free of charge. This is a great option for small businesses, freelancers, remote workers and content creators in Kenya who want to make payments seamlessly.

African fintech companies’ efforts are quickly improving the digital environment. Individuals can now work remotely with other countries and get jobs. The process of paying salaries and other operations is now much simpler.

Grey was founded by Femi Achedo and Idorenyin Oong in 2020 to facilitate international transactions.

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