Nigerian Fintech Grey Partners dLocal on Emerging Market Expansion
TLDR
- Grey, a Nigerian fintech startup, partners with dLocal for cross-border payment expansion into new markets.
- Founded in 2021 by Idorenyin Obong and Femi Aghedo, Grey offers international money transfer services including currency exchange.
- Partnership with dLocal allows Grey to facilitate cross-border payouts to wallets and bank accounts in Brazil, Indonesia, Mexico, the Philippines, and South Africa.
Nigerian fintech startup Grey has partnered with cross-border payment platform dLocal to expand its services into new emerging markets.
Founded in 2021 by Idorenyin Obong and Femi Aghedo, Grey provides international money transfer services, offering foreign bank accounts, instant currency exchange, and cross-border payments.
The partnership with dLocal will enable Grey to offer cross-border payouts to wallets and bank accounts in markets such as Brazil, Indonesia, Mexico, the Philippines, and South Africa.
Key Takeaways
Grey's partnership with dLocal marks a significant step in its expansion strategy, targeting high-growth markets across Africa, Asia, and Latin America. By leveraging dLocal's platform, Grey aims to enhance its service offerings with instant, low-cost international transfers, and comprehensive payment solutions. This collaboration supports Grey's mission to provide unrestricted global financial access and contributes to broader economic growth and the expansion of financial services in emerging markets. The move underscores Grey’s commitment to scaling its operations and reaching a larger global audience.
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