---
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:
  transaction_volume_12mo: "$36M+"
  monthly_volume_current: "$7.2M"
  revenue_12mo: "$500K+"
  users: "30,000+"
  business_customers: 15
  team_size: 9
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 become usable money through payroll, wages, and cash-out workflows. The company enables 24/7 instant swaps between USD and non-USD stablecoins embedded directly into payment flows, abstracting crypto complexity behind familiar banking experiences.

Founded in Kenya, Hurupay has processed $36M+ in transaction volume over 12 months with 30,000+ users across Asia, Africa, Europe, and the U.S. The platform generates revenue through deposit fees (~0.5-2%) on both consumer and business sides.

## Timeline
- **2023** — Company founded; received $45K in grants from Celo via Prezenti
- **2024** — Secured $150K investment from Founders Inc; received backing from angels at Microsoft and Bankless
- **2025** — Received grants from Base (4 ETH), Circle ($10K), and Stellar ($82K); partnered with top U.S. bank, Coins.ph, Circle Alliance, Base, Solana, and Stellar ecosystems
- **2026-02-03** — Launched $3M fundraise on Futardio (MetaDAO's futarchy launchpad); raised $2M+ in committed capital
- **2026-02-07** — Futardio fundraise closed with REFUNDING status

## Relationship to KB
- [[futardio]] — raised capital through futarchy-governed ICO
- [[MetaDAO]] — used MetaDAO's launchpad infrastructure
- Demonstrates [[internet-capital-markets-compress-fundraising-timelines]] with sub-week raise
- Example of stablecoin-native fintech targeting emerging market payment corridors