Grey Co CEO: After pre-seeding amidst the excitement of a new local BDC in Nigeria, the Grey Co Owner currently holds media attention.
Aboki Exchange and other fintech in Nigeria have stood the test of CBN’s unending waves of new regulations. Also, Reliance and Aboki Africa take the stride in providing fintech solutions to the local populations.
Reliance took in stimulus props to the tune of millions of dollars, and Aboki Africa passed a YC Winter 20222 listing. Who is behind the financial powerhouse?
Firstly, the companies are totally different, operating in separate ecosystems.
Second, the company owners are different people. So, we throw light on the Grey Co CEO in this piece.
Read on below for details.
About the Grey Co CEO
The name of the Grey Co CEO is Idorenyin Obong, a Software Engineer (Femi Aghedo is the other co-founder).
He currently lives in Lagos, Nigeria, although his alma mater is Cross River State University.
Also, his career experience cuts across roles in start-ups before co-founding Aboki Africa. Aboki Africa would prove to be the thrust of the career bunch, serving under the Transfer for Africa Moniker.
At some point, Idorenyin was a software engineer at Busha, described as Digital Asset Financial Service Platform Africa. The stint lasted two years and two months, with Idorenyin gaining crucial expertise in the intersection of tech and finance.
Currently, his company concluded a pre-seed run with a Nigerian company, Mono.
Aboki Africa launched in 2020, attempting to provide forex for Nigerians at first but expanding the scope to include Africans. Kicking off the continental service, Idorenyin says:
We are building the TransferWise for Africa.
Other start-ups broached such ambitious programs previously, with Abeg App intending to be Africa’s Cash App (Jack Dorsey’s).
Building on Mono as a business ramp, Idonrenyin can reach similar heights as Paystack’s founders.
Idorenyin Obong’s Partners
The media is abuzz with news of Aboki Africa concluding its pre-seeding stage, buoyed by a funding founder in Nigeria. Which companies have partnered with the Grey Co CEO so far?
Here is a breakdown.
Abdul Hassan is the co-founder of Mono after a prior stint with Paystack. Also, he was part of the We are building the TransferWise for Africa moniker and doubles as a partner of Idorenyin’s.
Moreover, he appears in Grey Co CEO’s referrals on career listing sites, propping the start-up professionally.
Other strong suites include:
Impressive Capital _ valuing $10 million as a venture capital fund has rained accolades on Grey Co as a reliable IBN and forex virtual service provider in Africa.
Conglomerate branches in Nigeria, Egypt, Ghana, and Kenya also laud Grey Co CEO for his progress so far.
Grey Co makes the YC W22 list
Several African start-ups are on Y Combinator’s Winter batch for 2022, with Grey Finance and Grey Co tallying up the score as popular fintech in Africa.
What does this portend?
It positions Grey Co CEO for a string of valuable coaching experience among giants like Stripe, Coinbase, and so on. Moreover, it confirms that the company is set on a reliable project.
Q3 2021 saw Grey Co working with Bureau De Changes (BDCs) in the country to provide automated foreign transfers between the local account and a foreign designation, following a five-month focus on the Nigerian user base.
Idorenyin Obong and Femi Aghedo are the founders of Aboki Africa (currently Grey Co).
The company attempts to scale up money transfers between the sender in Africa and a receiver in the United Kingdom and the United States.
Additionally, it enjoys endorsements and laudations from various fintechs and pace-setting start-ups in Nigeria and Africa.