Grey Expands Banking Offering to Include USD Business Accounts

Grey, a fintech platform known for embedded banking and business financial services, has expanded its product suite to include USD-denominated business accounts, enabling its global customers — especially non-U.S. businesses — to hold, manage and transact in U.S. dollars as part of their corporate banking operations. The move significantly enhances Grey’s value proposition for international companies that operate across borders, incur USD expenses or receive USD revenues, providing them with a fully digital account experience without needing a separate U.S. bank relationship.

This strategic enhancement supports multi-currency account management, streamlined international payments, and improved treasury operations for businesses of all sizes. By facilitating USD accounts alongside existing local currency services, Grey empowers companies to reduce FX friction, improve cash flow control and execute seamless global transactions — all within a unified, API-driven platform designed for modern finance teams.

Key Highlights

• USD business accounts launched: Grey now offers U.S. dollar–denominated account capabilities.
• Global access: Designed for international businesses that need to operate in USD without a U.S. bank.
• Multi-currency workflow: Supports global treasury, payments and collections in multiple currencies.
• Embedded banking: Fully integrated into Grey’s platform with API accessibility.
• FX cost efficiency: Reduces foreign exchange conversions and associated delays.
• Enhanced payments: Enables USD payouts, collections and international transfers.

What the USD Business Accounts Enable

1. Holding and Managing USD Balances

Businesses on Grey’s platform can now open USD-denominated accounts digitally — without needing a traditional U.S. banking relationship. This allows them to:

• Receive USD payments from clients and marketplaces
• Hold USD funds for payroll, vendor disbursements or capital reserves
• Avoid frequent conversions that incur FX spread losses

This is especially useful for SaaS companies, marketplaces and exporters that invoice in U.S. dollars.

2. Seamless Global Payments

With USD business accounts, companies can send and receive international payments in native dollar format — improving speed and reducing intermediary fees that often arise when routing through foreign currency corridors.

3. Treasury and Cash Flow Efficiency

A USD account gives finance teams visibility and control over multi-currency cash positions, simplifying cash forecasting, liquidity management and treasury operations across markets. Grey’s API-first platform supports integration with ERP, accounting and payments systems.

Why This Matters

1. Dollar Dominance in Global Trade

The U.S. dollar remains the dominant settlement currency for global trade, subscriptions, B2B invoicing and digital commerce. Many international businesses bear FX and banking relationship costs to transact in USD; Grey’s capability reduces this barrier and centralises multi-currency operations.

2. Reducing FX Friction

By reducing the friction associated with USD receipts, holdings and disbursements, businesses can cut operational costs, accelerate payment cycles and improve competitive pricing for USD-based deals.

3. Digital-First Banking for Global Teams

With more finance operations moving online and APIs enabling automated workflows, fintechs like Grey that embed multi-currency banking directly into platforms help modern businesses eliminate legacy banking bottlenecks and focus on scaling revenue.

Market and Competitive Context

Global fintech platforms like Airwallex, Wise, Revolut Business, Mercury and Brex have also emphasised multi-currency accounts, particularly USD, to serve international business needs. Grey’s expansion into USD accounts places it squarely in competition with these providers, reinforcing the trend toward borderless embedded banking where companies can operate financial services natively across currencies without opening foreign bank accounts manually.

Bank incumbents and neo-banks are responding by enhancing APIs, partnerships and servicing models — but fintechs like Grey benefit from agility and product velocity that align closely with programmable finance and developer ecosystem requirements.

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