rio: extract from 2026-02-03-futardio-launch-hurupay.md

- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 5)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/futardio.md

@@ -46,6 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
 
 - **2026-03-07** — Areal DAO launch: $50K target, raised $11,654 (23.3%), REFUNDING status by 2026-03-08 — first documented failed futarchy-governed fundraise on platform
 - **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
+- **2026-02-03** — [[hurupay-futardio-fundraise]] launched: $2M raised of $3M target before entering refunding status, demonstrating market-enforced threshold mechanics
 ## Competitive Position
 - **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
 - **vs pump.fun**: pump.fun is memecoin launch (zero accountability, pure speculation). Futardio is ownership coin launch (futarchy governance, treasury enforcement). Different categories despite both being "launch platforms."

entities/internet-finance/hurupay-futardio-fundraise.md

@@ -0,0 +1,56 @@
+---
+type: entity
+entity_type: decision_market
+name: "Hurupay: Futardio Fundraise"
+domain: internet-finance
+status: failed
+parent_entity: "[[hurupay]]"
+platform: futardio
+proposal_url: "https://www.futard.io/launch/HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3"
+proposal_date: 2026-02-03
+resolution_date: 2026-02-07
+category: fundraise
+raise_target: "$3,000,000"
+total_committed: "$2,003,593"
+token_symbol: HUR
+token_mint: "HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta"
+summary: "Stablecoin payments platform raised $2M of $3M target before entering refunding status"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Hurupay: Futardio Fundraise
+
+## Summary
+Hurupay attempted to raise $3M through Futardio's futarchy-governed ICO to scale its stablecoin-based cross-border payments platform. The raise attracted $2,003,593 (66.8% of target) over 4 days before entering REFUNDING status, demonstrating both the speed of futarchy-based capital formation and the market's ability to reject projects that don't meet the funding threshold.
+
+## Market Data
+- **Outcome:** Failed (Refunding)
+- **Capital Committed:** $2,003,593 / $3,000,000 target
+- **Duration:** 4 days (2026-02-03 to 2026-02-07)
+- **Token Allocation:** 25.625M total supply (39.02% ICO, 11.31% liquidity, 42.66% team 3-year lockup, 7% previous investors 2-year vest)
+
+## DAO Configuration
+- Team Sponsored Pass Threshold: -300bps
+- Team Sponsored Stake Requirement: 0 HURU
+- Pass Threshold: 300bps
+- Stake Requirement: 1.5M HURU
+- Proposal Duration: 3 days
+
+## Use of Funds (Proposed)
+- Scale distribution and sales (UGC marketing, influencer, paid ads)
+- Expand sales and customer success team for U.S./global business payroll
+- Scale referral programs for worker-driven growth
+- Compliance and licensing (U.S. MTL, EU VASP)
+- Liquidity and FX depth for faster settlement
+- Product expansion (virtual/physical cards, on-chain FX)
+- Security and operational hardening
+
+## Significance
+This launch demonstrates futarchy-governed fundraising in practice: rapid capital commitment ($2M in 4 days) followed by market-enforced refunding when the threshold wasn't met. The case shows how conditional markets create credible exit guarantees for investors while allowing permissionless capital formation attempts. The refunding outcome validates the "unruggable ICO" mechanism—investors get full treasury return when projects fail to meet their stated targets.
+
+## Relationship to KB
+- [[hurupay]] — parent entity
+- [[futardio]] — platform
+- [[internet-capital-markets-compress-fundraising-timelines]] — demonstrates 4-day raise vs 2+ years traditional
+- [[futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility]] — case of brand separation protecting MetaDAO

entities/internet-finance/hurupay.md

@@ -0,0 +1,40 @@
+---
+type: entity
+entity_type: company
+name: Hurupay
+domain: internet-finance
+status: active
+founded: 2023
+headquarters: Kenya
+website: https://hurupay.com
+key_people:
+  - Philip Mburu (Co-Founder & CEO)
+  - Allan Okoth (Co-Founder & CTO)
+  - James Mugambi (Co-Founder & COO)
+key_metrics:
+  monthly_volume: "$7.2M (as of 2026-02)"
+  total_volume_12mo: "$36M+"
+  revenue_12mo: "$500K+"
+  users: "30,000+"
+  mom_growth: "32%"
+  business_customers: 15
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Hurupay
+
+Hurupay is a stablecoin-based cross-border payments platform focused on the "last mile" of onchain FX—embedding stablecoin settlement directly into payroll and payment workflows. The company processes $7.2M/month in transaction volume (up 4× in 6 months) serving 30,000+ users across Asia, Africa, Europe, and the U.S. Revenue model is fee-based (~0.5-2% on deposits/FX) generating $500K+ annually.
+
+Backed by Founders Inc ($150K), grants from Celo ($45K), Base (4 ETH), Circle ($10K), Stellar ($82K), and angels from Microsoft and Bankless. Team of 9 led by founders with 7-9 years crypto/payments experience. Partnerships include a top U.S. bank, Coins.ph, Circle Alliance, and major blockchain ecosystems (Base, Solana, Stellar).
+
+## Timeline
+- **2023** — Founded; received $45K in Celo grants via Prezenti
+- **2024** — Continued Celo grant support; received $150K investment from Founders Inc
+- **2025** — Secured grants from Base (4 ETH), Circle ($10K), Stellar ($82K); signed 15 high-volume business customers; reached 30,000+ users
+- **2026-02-03** — [[hurupay-futardio-fundraise|Launched $3M fundraise on Futardio]]; raised $2,003,593 before entering refunding status
+
+## Relationship to KB
+- [[internet-capital-markets-compress-fundraising-timelines]] — case study in futarchy-based capital formation
+- [[futardio]] — platform used for 2026 fundraise attempt
+- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] — participant in MetaDAO ecosystem

inbox/archive/2026-02-03-futardio-launch-hurupay.md

@@ -6,9 +6,14 @@ url: "https://www.futard.io/launch/HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3"
 date: 2026-02-03
 domain: internet-finance
 format: data
-status: unprocessed
+status: processed
 tags: [futardio, metadao, futarchy, solana]
 event_type: launch
+processed_by: rio
+processed_date: 2026-03-11
+enrichments_applied: ["futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility.md", "internet-capital-markets-compress-fundraising-timelines.md", "MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Hurupay fundraise is a clean case study in futarchy-governed capital formation mechanics: rapid commitment ($2M in 4 days), market-enforced refunding when threshold not met, and brand separation protecting MetaDAO reputation. No novel claims—all insights enrich existing propositions about internet capital markets and futarchy implementation. Entity data extracted for Hurupay (new company) and the fundraise decision market (new proposal entity)."
 ---
 
 ## Launch Details
@@ -237,3 +242,14 @@ Cayman SPC Agreement: [Formation Summary](https://cybercorps.metalex.tech/metada
 - Token mint: `HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta`
 - Version: v0.7
 - Closed: 2026-02-07
+
+
+## Key Facts
+- Hurupay processed $36M+ volume in 12 months generating $500K+ revenue
+- Hurupay grew from $1.8M/month to $7.2M/month (4× in 6 months, 32% MoM)
+- Hurupay has 30,000+ users across Asia, Africa, Europe, and U.S.
+- Hurupay team size: 9 people
+- Hurupay monthly spending allowance: $250K
+- Hurupay previous funding: $317K total ($45K Celo grants 2023-2024, $150K Founders Inc, $10K Circle, $82K Stellar, 4 ETH Base, $20K Dawson Botsford, $10K Tiffany Johnson)
+- Hurupay token (HUR) address: HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta
+- Foreign exchange market: $6.5T/day