---
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