Grey, the Y Combinator-backed fintech company, has launched Paycheck, a salary account designed for professionals earning in foreign currencies, as it expands its financial services beyond cross-border payments.
The new product allows eligible users to receive salaries in US dollars, British pounds and euros, giving remote workers, freelancers and other international professionals another option for managing their earnings.
The launch was announced at Moonshot by TechCabal 2026 in Lagos on Wednesday, October 28, as the company looks to build on its growing customer base.
According to Brandspur Banking News Desk, Grey has processed nearly $5 billion in payments since its establishment and now serves more than three million users. Its total payment volume has also increased by 170 per cent year on year.
The company’s latest offering comes as more Nigerian professionals work for international employers and receive their earnings in foreign currencies.
For workers paid from abroad, managing salary payments can involve more than simply receiving the money. They may also need to monitor transactions, organise their earnings and decide when to convert funds into naira for local expenses.
Grey’s Paycheck is intended to make that process easier by providing a salary-focused account for foreign currency earners.
Speaking at the launch, Grey co-founder and chief executive officer, Idorenyin Obong, said the company wanted to improve the experience professionals have after completing a month’s work.
He said employees should have more to look forward to on payday than the responsibility of sorting through transactions and keeping track of their earnings.
The introduction of Paycheck represents another step in Grey’s expansion within the international payments market, where it has built a customer base around helping people receive money across borders.
With the new product, the company is positioning itself to serve professionals not only when they receive international payments but also when they manage their salaries.
Grey’s growth figures suggest that the company is seeking to build on an established payments business as it introduces services aimed at retaining users and meeting more of their financial needs.
