From b2a3331ec4fa5a0dc4970d8fc411c2385e18c231 Mon Sep 17 00:00:00 2001 From: m3taversal Date: Sun, 15 Mar 2026 14:30:05 +0000 Subject: [PATCH] consolidate: add entities/internet-finance/hurupay.md --- entities/internet-finance/hurupay.md | 45 ++++++++++++++++++++++++++++ 1 file changed, 45 insertions(+) create mode 100644 entities/internet-finance/hurupay.md diff --git a/entities/internet-finance/hurupay.md b/entities/internet-finance/hurupay.md new file mode 100644 index 00000000..2b25fb95 --- /dev/null +++ b/entities/internet-finance/hurupay.md @@ -0,0 +1,45 @@ +--- +type: entity +entity_type: company +name: Hurupay +domain: internet-finance +status: active +founded: 2023 +headquarters: Kenya +key_people: + - Philip Mburu (Co-Founder & CEO) + - Allan Okoth (Co-Founder & CTO) + - James Mugambi (Co-Founder & COO) + - Maxwel Ochieng (Founding Engineer) + - Collins Wanga (Compliance Lead) +website: https://hurupay.com +key_metrics: + total_volume: "$36M+ (12 months)" + revenue: "$500K+ (12 months)" + users: "30,000+" + monthly_volume: "$7.2M (Feb 2026)" + business_customers: 15 + team_size: 9 +tracked_by: rio +created: 2026-03-11 +--- + +# Hurupay + +Hurupay is a stablecoin-based cross-border payments platform that embeds FX settlement directly into payroll and payment workflows. The company focuses on "last-mile" stablecoin utility—where digital dollars convert into usable money within familiar banking experiences—rather than wallet-to-wallet transfers. Operating across Asia, Africa, Europe, and the U.S., Hurupay has processed $36M+ in volume with 30,000+ users and $500K+ in revenue over 12 months. + +The platform abstracts crypto complexity behind traditional payment interfaces while using stablecoins (USDC, USDT) for settlement infrastructure. Revenue comes from 0.5-2% fees on deposits and FX across both consumer and business sides. The company has secured backing from Founders Inc and angels from Microsoft and Bankless, and partnered with a top U.S. bank, Coins.ph, Circle Alliance, and blockchain ecosystems including Base, Solana, and Stellar. + +## Timeline +- **2023** — Founded; received $45K in grants from Celo via Prezenti Grants +- **2024** — Continued Celo grant support; secured $150K investment from Founders Inc +- **2025** — Received grants from Base (4 ETH), Circle ($10K), Stellar ($82K); angel investments from Dawson Botsford (Bankless, $20K) and Tiffany Johnson (Microsoft, $10K) +- **H2 2025** — Achieved 32% month-over-month growth rate; scaled from ~$1.8M/month to $7.2M/month in transaction volume (4× growth in 6 months) +- **2026-02-03** — Launched $3M fundraise on Futardio (MetaDAO's futarchy launchpad) +- **2026-02-07** — Futardio fundraise closed with $2,003,593 committed (67% of target); entered refund status + +## Relationship to KB +- Demonstrates hurupay-demonstrates-stablecoin-last-mile-fx-embedding-settlement-into-payroll-and-payments-workflows through workflow-embedded FX +- Case study for hurupay-raised-2m-of-3m-target-on-futardio-before-refunding-suggesting-futarchy-governed-launches-face-liquidity-or-conviction-gaps in futarchy-governed fundraising +- Relevant to [[stablecoin flow velocity is a better predictor of DeFi protocol health than static TVL because flows measure capital utilization while TVL only measures capital parked]] +- Contrasts with [[cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face]] by demonstrating payments as viable use case \ No newline at end of file