---
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)
key_metrics:
  monthly_volume: "$7.2M (2026-01)"
  total_volume_12mo: "$36M+"
  revenue_12mo: "$500K+"
  users: "30,000+"
  growth_rate: "32% MoM (6-month period)"
funding:
  - amount: "$2,003,593"
    date: "2026-02-03"
    type: "Futarchy ICO (refunded)"
    platform: "Futardio"
  - amount: "$150,000"
    date: "2024"
    type: "Equity"
    investor: "Founders Inc"
  - amount: "$137,000"
    type: "Grants"
    sources: "Celo ($45K), Base (4 ETH), Circle ($10K), Stellar ($82K)"
  - amount: "$30,000"
    type: "Angel"
    investors: "Dawson Botsford (Bankless), Tiffany Johnson (Microsoft)"
website: https://hurupay.com
tracked_by: rio
created: 2026-03-11
---

# Hurupay

Hurupay is a stablecoin-native cross-border payments platform focused on the "last mile" of onchain FX—where stablecoins convert into usable money for payroll, wages, and cash-out. The company processes $7.2M monthly volume (as of Jan 2026) with 32% MoM growth, serving 30,000+ users across Asia, Africa, Europe, and the U.S. Revenue model is 0.5-2% fees on deposits and FX transactions.

## Timeline
- **2023** — Company founded in Kenya
- **2023-2024** — Received $45K in Celo grants via Prezenti
- **2024** — Secured $150K equity investment from Founders Inc
- **2025** — Received grants from Base (4 ETH), Circle ($10K), Stellar ($82K)
- **2025** — Raised $30K from angels including Dawson Botsford (ex-Bankless CTO) and Tiffany Johnson (Microsoft PM)
- **2025-07 to 2026-01** — Scaled from $1.8M to $7.2M monthly transaction volume (4× growth, 32% MoM)
- **2026-02-03** — Launched $3M fundraise on Futardio (MetaDAO's futarchy launchpad)
- **2026-02-07** — Futardio fundraise closed with $2M committed but entered refunding status

## Relationship to KB
- [[futardio]] — fundraising platform used
- [[MetaDAO]] — parent organization of Futardio
- Demonstrates [[internet-capital-markets-compress-fundraising-timelines]] with 4-day raise execution
- Example of stablecoin-native fintech targeting emerging market corridors

## Key Metrics
- **12-month performance (2025):** $36M+ processed volume, $500K+ revenue, 30K+ users
- **6-month growth (2025-07 to 2026-01):** 4× volume increase, 32% MoM compounding
- **Business customers:** 15 high-volume clients running recurring payroll
- **Team size:** 9 people
- **Token allocation (proposed):** 39% ICO, 11.3% liquidity, 42.66% team (3-year lockup), 7% previous investors (2-year vest)
- **Monthly burn rate:** $250K

## Strategic Positioning
Hurupay positions itself as "global from day one" by operating at the stablecoin settlement layer rather than building country-by-country banking licenses like Wise or Revolut. Focus on embedding FX directly into payroll workflows rather than standalone wallet-to-wallet transfers. Partnerships include top U.S. bank (unnamed), Coins.ph, Circle Alliance, and blockchain ecosystems (Base, Solana, Stellar).