---
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)
website: https://hurupay.com
tracked_by: rio
created: 2026-03-11
key_metrics:
  users: "30,000+"
  transaction_volume_12mo: "$36M+"
  revenue_12mo: "$500K+"
  monthly_volume_current: "$7.2M"
  mom_growth_rate: "32%"
  business_customers: 15
---

# Hurupay

Hurupay is a stablecoin-based cross-border payments platform focused on payroll and remittances, operating primarily in emerging markets (Asia, Africa, Europe, U.S.). The company processes USD/EUR deposits and withdrawals through stablecoin settlement, targeting remote workers, freelancers, and businesses paying global teams. Hurupay positions itself as "last-mile onchain FX" — embedding stablecoin settlement into payroll workflows rather than requiring users to manage crypto wallets directly.

## Timeline
- **2023** — Founded; received $45K in grants from Celo via Prezenti
- **2024** — Continued Celo grant support ($45K total across 2023-2024)
- **2025** — Secured grants from Base (4 ETH), Circle ($10K), Stellar ($82K); received $150K investment from Founders Inc and $30K from angels (Dawson Botsford/Bankless, Tiffany Johnson/Microsoft)
- **2026-02-03** — [[hurupay-futardio-fundraise]] launched on Futardio targeting $3M, reached $2M+ committed before entering REFUNDING status

## Relationship to KB
- Attempted futarchy-governed fundraise through [[futardio]]
- Demonstrates [[futarchy-governed-liquidation-is-the-enforcement-mechanism-that-makes-unruggable-ICOs-credible-because-investors-can-force-full-treasury-return-when-teams-materially-misrepresent]] in practice (refunded despite real traction)
- Case study for stablecoin-based cross-border payments infrastructure