---
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"
  total_volume_12mo: "$36M+"
  revenue_12mo: "$500K+"
  users: "30,000+"
  growth_rate: "32% MoM"
funding:
  grants_total: "$137K"
  institutional: "$150K (Founders Inc)"
  angels: "$30K"
website: "https://hurupay.com"
tracked_by: rio
created: 2026-03-11
---

# Hurupay

Stablecoin-based cross-border payments and payroll platform serving remote workers, freelancers, and businesses. Processes $7.2M/month in transaction volume with 30K+ users across Asia, Africa, Europe, and the U.S. Embeds stablecoin settlement and FX directly into payroll and payment workflows, abstracting crypto complexity behind banking-like experiences.

## Timeline
- **2023** — Founded by Philip Mburu, Allan Okoth, and James Mugambi; received $45K in grants from Celo via Prezenti
- **2024** — Scaled to $1.8M/month transaction volume; received additional Celo grants
- **2024-Q3** — Secured $150K investment from Founders Inc
- **2024-Q4** — Onboarded multiple high-volume U.S. business customers for recurring payroll
- **2025** — Received grants from Base (4 ETH), Circle ($10K), and Stellar ($82K); signed partnerships with top U.S. bank, Coins.ph, Circle Alliance, Base, Solana, and Stellar
- **2025-H2** — Grew transaction volume 4× from $1.8M/month to $7.2M/month at 32% MoM growth rate
- **2026-02-03** — Launched futarchy-governed fundraise on Futardio targeting $3M-$5M; raised $2M+ before entering refunding status
- **2026-02-07** — Futardio fundraise closed in refunding status

## Relationship to KB
- Demonstrates [[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]] through revenue model based on transaction flow
- Case study for stablecoin-native cross-border payments infrastructure
- Example of [[futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility]] through Futardio launch