---
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)
  - Maxwel Ochieng (Founding Engineer)
  - Collins Wanga (Compliance Lead)
key_metrics:
  total_volume: "$36M+ (12 months)"
  monthly_volume: "$7.2M (current)"
  revenue: "$500K+ (12 months)"
  users: "30,000+"
  business_customers: 15
  team_size: 9
funding:
  grants: "$137K (Celo, Base, Circle, Stellar)"
  institutional: "$150K (Founders Inc)"
  angels: "$30K (Bankless, Microsoft)"
tracked_by: rio
created: 2026-03-11
---

# Hurupay

Hurupay is a stablecoin-based cross-border payments platform that embeds foreign exchange into payroll and payment workflows. The company processes $7.2M monthly volume across 30,000+ users by abstracting blockchain complexity behind familiar banking experiences—users interact with payroll and withdrawals rather than wallets and tokens.

The platform enables 24/7 instant swaps between USD and non-USD stablecoins embedded directly into payment flows, positioning itself as "last mile" infrastructure where stablecoins become usable money. Revenue comes from 0.5–2% fees on deposits, withdrawals, and payroll funding.

Hurupay attempted a $3M fundraise on Futardio in February 2026 but entered refunding status after committing $2M, demonstrating futarchy's liquidation mechanism in practice.

## Timeline
- **2023** — Founded; secured $45K in grants from Celo via Prezenti
- **2024** — Processed initial transaction volume; secured backing from Founders Inc ($150K) and angels from Microsoft and Bankless ($30K total)
- **2025 Q3-Q4** — Scaled from ~$1.8M/month to $7.2M/month in processed volume (4× growth, 32% MoM)
- **2025** — Secured additional grants: Base (4 ETH), Circle ($10K), Stellar ($82K)
- **2026-02-03** — Launched $3M fundraise on Futardio
- **2026-02-07** — Fundraise closed in refunding status after committing $2,003,593 (66.8% of target)

## Relationship to KB
- Demonstrates [[hurupay-demonstrates-stablecoin-fx-embedded-in-payroll-workflows-achieving-7-2m-monthly-volume-through-last-mile-settlement]] <!-- claim pending -->
- Case study for [[futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent]]
- Launched on [[futardio]]