Grey targets Africa-China trade with direct yuan payments

Grey , a Y Combinator-backed cross-border fintech startup, has launched Chinese yuan payouts, allowing customers to pay directly into bank accounts in China from their USD, EUR, GBP, and stablecoin balances. As African businesses adopt cross-border virtual accounts and stablecoins for international transactions, startups are building the last mile into markets such as China, where directly settling supplier accounts could make their products hard to replace. In 2025, China was Nigeria’s largest