07c4c52407
- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
38 lines
1.9 KiB
Markdown
38 lines
1.9 KiB
Markdown
---
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type: entity
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entity_type: company
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name: Hurupay
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domain: internet-finance
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status: active
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founded: 2023
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headquarters: Kenya
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key_people:
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- Philip Mburu (Co-Founder & CEO)
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- Allan Okoth (Co-Founder & CTO)
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- James Mugambi (Co-Founder & COO)
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website: https://hurupay.com
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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users: "30,000+"
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transaction_volume_12mo: "$36M+"
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revenue_12mo: "$500K+"
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monthly_volume_current: "$7.2M"
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mom_growth_rate: "32%"
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business_customers: 15
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---
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# Hurupay
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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.
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## Timeline
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- **2023** — Founded; received $45K in grants from Celo via Prezenti
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- **2024** — Continued Celo grant support ($45K total across 2023-2024)
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- **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)
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- **2026-02-03** — [[hurupay-futardio-fundraise]] launched on Futardio targeting $3M, reached $2M+ committed before entering REFUNDING status
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## Relationship to KB
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- Attempted futarchy-governed fundraise through [[futardio]]
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- 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)
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- Case study for stablecoin-based cross-border payments infrastructure
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