It’s Day 2 at Moonshot 2026!
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Fintech
Grey’s new transfer: wage accounts
Grey has spent six years serving to Africans receives a commission from overseas. Now it needs to develop into the place the place payday begins.
What occurred? Yesterday at Moonshot by TechCabal, Grey, the Y Combinator-backed cross-border funds firm, launched Paycheck, a wage product for professionals incomes in {dollars}, kilos and euros. Users can obtain and organise wage funds, whereas qualifying clients get increased financial savings charges, bigger transaction limits and precedence assist.
The launch comes as Grey crosses three million customers and almost $5 billion in processed funds. Its cost quantity has additionally grown 170% 12 months on 12 months.
Explain like I’m new right here: Grey didn’t begin out attempting to handle salaries. Idorenyin Obong and Femi Aghedo launched the corporate in 2020 as Aboki Africa, serving to Nigerians change overseas forex in domiciliary accounts. The founders quickly realised receiving the cash was itself a much bigger drawback. In 2021, they pivoted to digital greenback, pound, and euro accounts for distant staff and freelancers. Grey joined Y Combinator in 2022 and raised a $2 million seed spherical later that 12 months.
It had about 100,000 customers in 2022 and crossed a million in 2024. Today, it operates throughout dozens of markets and can be pushing into enterprise funds.
Between the traces: Receiving overseas funds is now not sufficient of a moat. Grey competes with Raenest, Cleva, Afriex, and others providing variations of the identical multi-currency account.
Paycheck adjustments the connection. If a wage lands in Grey each month, the corporate will get the primary probability to deal with what occurs subsequent: saving, changing currencies, sending cash, or paying payments. The buyer additionally has one much less motive to maneuver that earnings instantly to a different monetary app.
Zoom out: Grey Business, launched in February, has already processed almost $100 million. Now Paycheck is attacking the patron facet of the identical drawback.
Grey constructed its first progress part round serving to folks obtain cash; Obong mentioned it’s concentrating on between 10 million and 20 million customers. Getting to that milestone could rely upon giving them causes to depart the cash there.
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Fintech
Mastercard and Interswitch deliver Google Pay to Nigeria
If you’re in Nigeria and used to creating transfers or paying together with your bank card, you’ll begin seeing much less of that.
What occurred? Mastercard, the worldwide funds big, and Interswitch, a Nigerian funds infrastructure supplier, have partnered to deliver Google Pay to eligible Mastercard cardholders in Nigeria. The service lets clients add supported financial institution playing cards to Google Wallet and use an Android cellphone to make contactless funds at appropriate point-of-sale (PoS) terminals.
Explain like I’m new right here: Nigeria has been attempting to get folks to make contactless funds for some time. In 2015, Unified Payments launched PayAttitude, which used NFC tags to allow contactless funds. Access Bank has experimented with tap-to-phone funds, whereas Touch and Pay Technologies’ Cowry card has made contactless funds a well-known a part of Lagos public transport. MoneyAfrica additionally lately partnered with Chicken Republic to introduce cell tap-to-pay throughout greater than 350 shops.
Mastercard’spartnership lets customers add an present financial institution card to Google Wallet and switch the cellphone already of their hand right into a tap-to-pay machine.
How it really works: Your financial institution nonetheless holds the cash, and Mastercard nonetheless sits behind the cost. Google Wallet shops a digital model of the cardboard, whereas Mastercard’s tokenisation expertise replaces the cardboard quantity with a singular digital credential while you pay. When you faucet, the service provider doesn’t obtain your bodily card particulars as it could from a standard card transaction. The rollout consists of eligible Mastercard playing cards issued by banks together with FirstBank, GTBank, UBA and Zenith Bank.
Why this issues: Nigeria Inter-Bank Settlement System (NIBSS) recorded ₦284.9 trillion ($212 billion) in instant-payment transactions in Q1 2025, whereas the nation had 5.9 million deployed PoS terminals by March. PoS transaction values reached ₦10.51 trillion ($7.8 billion) in the identical quarter. However, Nigerians are already comfy with transfers, so tap-to-pay wants to supply one thing higher than being one other solution to do the identical factor. The more durable half is getting sufficient retailers to just accept contactless funds and sufficient Nigerians to alter their cost behaviour.
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Moonshot
Moonshot Day 1 recap from Phathisani’s POV
Day 1 of Moonshot by TechCabal, on my first-ever journey to Lagos, has exceeded my wildest expectations. I’ve attended my justifiable share of tech occasions, however the sheer variety of African digital lovers below one roof was one thing else.
Young aspiring innovators and software program engineers mingled freely with a few of the continent’s brightest minds, swapping concepts, making connections and absorbing eye-opening conversations.
My standout second? A ten-minute stroll behind Flutterwave founder and CEO Olugbenga Agboola as Opeyemi Kareem, the youngest member of the TechCabal newsroom, interviewed him on the transfer. As they moved by means of the buzzing venue, the dialog continued towards a sea of younger innovators, founders, and tech lovers.
I discovered myself strolling behind certainly one of Africa’s most recognisable fintech leaders, watching the interview unfold in actual time. It was an unexpectedly vivid snapshot of what makes Moonshot particular: seeing the folks constructing Africa’s largest tech firms up shut, whereas sharing the area with the following technology hoping to comply with of their footsteps.
That, to me, is Moonshot’s magic. Inspiration isn’t confined to the stage; it occurs within the corridors, throughout probability encounters, and in conversations between periods.
And if Day 1 is something to go by, Lagos has lots extra in retailer. Today, I’m wanting ahead to extra candid conversations about cybersecurity, the following wave of startups, and Africa’s fast-evolving fintech panorama. If Day 1 is something to go by, Day 2 will deliver the curtain down with a bang.
Don’t miss Moonshot 2026 for something on the earth!
True scale calls for shifting past surface-level integrations to strong execution. We’ve filtered the noise out of Moonshot 2026, optimising the convention strictly for high-calibre connections between startup founders, world monetary operators, enterprise leaders and people rewiring Africa’s technical frameworks. Join us on October 28 & 29, 2026.
Get your ticket.
Moonshot
Moonshot Day 1 recap from Emmanuel’s POV
Between my hyperactivity and busyness at Moonshot Day 1, I in some way managed to take a seat nonetheless lengthy sufficient to catch just a few conversations that caught with me.
Dr Emomotimi Agama, director-general of Nigeria’s Securities and Exchange Commission (SEC), was notably animated in regards to the progress of Nigeria’s capital market. He described the current Dangote Refinery preliminary public providing (IPO), which closed on October 27, as a monumental success, noting that buyers from 54 nations participated. He added that the supply was larger than Indian billionaire Mukesh Ambani’s Jio Platforms IPO.
Then there was Flutterwave founder and chief govt officer Olugbenga “GB” Agboola, whose dialog stored returning to belief. Flutterwave spent its first decade convincing companies to belief it to maneuver their cash. As the corporate strikes deeper into banking, that belief turns into much more essential as a result of clients are now not solely asking Flutterwave to course of funds; they’re being requested to maintain cash there, too.
Adeyemi “Yemi” Adegbayi of Catalyst Fund, an early-stage enterprise capital agency, additionally ran one of many extra sensible periods I caught, a masterclass on utilizing AI to construct higher pitch decks. I favored that it didn’t deal with AI as a magic button. The emphasis was on realizing what you wish to say, prompting skilfully, and utilizing the instrument to sharpen the story fairly than outsourcing the pondering.
The folks had been simply as memorable because the periods. Whenever I might steal a couple of minutes, I mentioned howdy to a well-known face, caught up with somebody I had not seen shortly, met somebody whose work I had solely recognized by means of a display, or just dished out just a few hugs.
Day 1 was busy, loud and barely chaotic, however in a great way. Day 2 has an much more improbable lineup, and I’m wanting ahead to lots extra conversations. I’m particularly excited for my very own session on intra-African funds and why shifting cash throughout the continent stays so exhausting. Catch me on the Future of Money stage as we speak.
CRYPTO TRACKER
The World Wide Web3
Source:
|
Coin Name |
Current Value |
Day |
Month |
|---|---|---|---|
| Bitcoin |
$79,869 |
– 0.30% |
– 5.46% |
| Ether |
$2,390 |
– 2.19% |
– 14.03% |
| XRP |
$1.31 |
– 2.20% |
– 19.85% |
| Solana |
$103.84 |
– 1.51% |
– 13.17% |
* Data as of 06.49 AM WAT, October 29, 2026.
Opportunities
- Dar Blockchain and The Hashgraph Association have launched a four-month incubation programme to assist 18 Web3 ventures from the Hedera Africa Hackathon develop into investment-ready startups. Backed by $900,000, the programme will present technical assist, enterprise mentorship, product growth help, and entry to potential buyers. At least 5 startups are anticipated to be prepared for seed funding by January 2027, when the programme concludes with an investor Demo Day. Learn more.
Written by: Emmanuel Nwosu, Phathisani Moyo, and Yemi Kareem
Edited by: Emmanuel Nwosu & Ganiu Oloruntade
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Foluke Zaccheaus is a blogger and copywriter based in Birnin Kebbi. She hails from Kebbi State. She has spent five years writing news articles grounded in facts, with a focus on reporting that is clear, accurate, and easy for readers to follow. She is the voice behind classicgist.com.ng, where she shares her work with an audience that follows public affairs. Her background in copywriting gives her a sharp eye for clear, engaging language, so her stories stay readable without losing accuracy.
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