We mapped Grey Finance: one rail, two products, $60.29M

$60.29M

Customer deposits

business + personal combined

39,403

Deposit addresses

every one tested · four chains

#1 / #2

AfriFlux Gradient rank

neobank / all coverage

$3.15M

Uncollected on Tron

provisioning stopped 10 Jun

In June, Grey said its Business platform had processed $61.4M. That is the product's story. We went after the ledger instead, and tested every wallet behind it.

One rail, two products. Grey does not run separate on-chain systems for Personal and Business. We funded both and watched where the money went: on BSC and Solana the Business deposit swept to the same master that collects Personal deposits, and on Tron the same master settled both withdrawals. Different addresses, identical infrastructure. That is why every figure here is combined — there is no honest way to split the two on-chain.

A deep, consumer-shaped base. 39,403 deposit addresses across four chains, carrying $60.29M — the second-largest deposit-address base among the neobanks we track, behind only Chipper Cash. There is no whale in it: the largest single depositor is 0.3% of BSC volume, and 2026 has already doubled all of 2025.

A collection that stopped. Grey rolled out 2,113 Tron addresses in May, then stopped provisioning on 10 June. The existing addresses kept receiving deposits — and $3.15M of customer money now sits uncollected in wallets Grey controls, verified against live on-chain balances. Recoverable, but no product page would tell you it happened.

Where it ranks. Lifetime volume measures scale; it does not measure momentum. On the AfriFlux Gradient — Scale × Momentum — Grey's combined footprint enters at #1 among the neobanks we track (Score 90.4, AF-L Leader) and #2 across all 14 venues in our coverage. Chipper has more lifetime volume. Grey has more momentum.

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