teleo-codex/entities/internet-finance/hurupay.md

type	entity_type	name	domain	status	founded	headquarters	key_people	website	tracked_by	created	key_metrics
entity	company	Hurupay	internet-finance	active	2023	Kenya	Philip Mburu (Co-Founder & CEO) Allan Okoth (Co-Founder & CTO) James Mugambi (Co-Founder & COO)	https://hurupay.com	rio	2026-03-11	users transaction_volume_12mo revenue_12mo monthly_volume_current mom_growth_rate business_customers 30,000+ $36M+ $500K+ $7.2M 32% 15

Hurupay

Hurupay is a stablecoin-based cross-border payments platform focused on payroll and remittances, operating primarily in emerging markets (Asia, Africa, Europe, U.S.). The company processes USD/EUR deposits and withdrawals through stablecoin settlement, targeting remote workers, freelancers, and businesses paying global teams. Hurupay positions itself as "last-mile onchain FX" — embedding stablecoin settlement into payroll workflows rather than requiring users to manage crypto wallets directly.

Timeline

• 2023 — Founded; received $45K in grants from Celo via Prezenti
• 2024 — Continued Celo grant support ($45K total across 2023-2024)
• 2025 — Secured grants from Base (4 ETH), Circle ($10K), Stellar ($82K); received $150K investment from Founders Inc and $30K from angels (Dawson Botsford/Bankless, Tiffany Johnson/Microsoft)
• 2026-02-03 — hurupay-futardio-fundraise launched on Futardio targeting $3M, reached $2M+ committed before entering REFUNDING status

Relationship to KB

• Attempted futarchy-governed fundraise through futardio
• Demonstrates futarchy-governed-liquidation-is-the-enforcement-mechanism-that-makes-unruggable-ICOs-credible-because-investors-can-force-full-treasury-return-when-teams-materially-misrepresent in practice (refunded despite real traction)
• Case study for stablecoin-based cross-border payments infrastructure