teleo/teleo-codex
8
0
Fork 0
Code Issues 22 Pull requests 7 Projects Releases Packages Wiki Activity Actions 1
teleo-codex/entities/internet-finance/hurupay.md
Teleo Agents 20bf719011 rio: extract from 2026-02-03-futardio-launch-hurupay.md 
- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 5)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 09:43:14 +00:00

3.1 KiB
Raw Blame History

type entity_type name domain status founded headquarters key_people key_metrics funding website tracked_by created
entity company Hurupay internet-finance active 2023 Kenya
Philip Mburu (Co-Founder & CEO)
Allan Okoth (Co-Founder & CTO)
James Mugambi (Co-Founder & COO)
monthly_volume total_volume_12mo revenue_12mo users growth_rate
$7.2M (2026-01) $36M+ $500K+ 30,000+ 32% MoM (6-month period)
amount date type platform
$2,003,593 2026-02-03 Futarchy ICO (refunded) Futardio
amount date type investor
$150,000 2024 Equity Founders Inc
amount type sources
$137,000 Grants Celo ($45K), Base (4 ETH), Circle ($10K), Stellar ($82K)
amount type investors
$30,000 Angel Dawson Botsford (Bankless), Tiffany Johnson (Microsoft)
https://hurupay.com rio 2026-03-11

Hurupay

Hurupay is a stablecoin-native cross-border payments platform focused on the "last mile" of onchain FX—where stablecoins convert into usable money for payroll, wages, and cash-out. The company processes $7.2M monthly volume (as of Jan 2026) with 32% MoM growth, serving 30,000+ users across Asia, Africa, Europe, and the U.S. Revenue model is 0.5-2% fees on deposits and FX transactions.

Timeline

  • 2023 — Company founded in Kenya
  • 2023-2024 — Received $45K in Celo grants via Prezenti
  • 2024 — Secured $150K equity investment from Founders Inc
  • 2025 — Received grants from Base (4 ETH), Circle ($10K), Stellar ($82K)
  • 2025 — Raised $30K from angels including Dawson Botsford (ex-Bankless CTO) and Tiffany Johnson (Microsoft PM)
  • 2025-07 to 2026-01 — Scaled from $1.8M to $7.2M monthly transaction volume (4× growth, 32% MoM)
  • 2026-02-03 — Launched $3M fundraise on Futardio (MetaDAO's futarchy launchpad)
  • 2026-02-07 — Futardio fundraise closed with $2M committed but entered refunding status

Relationship to KB

Key Metrics

  • 12-month performance (2025): $36M+ processed volume, $500K+ revenue, 30K+ users
  • 6-month growth (2025-07 to 2026-01): 4× volume increase, 32% MoM compounding
  • Business customers: 15 high-volume clients running recurring payroll
  • Team size: 9 people
  • Token allocation (proposed): 39% ICO, 11.3% liquidity, 42.66% team (3-year lockup), 7% previous investors (2-year vest)
  • Monthly burn rate: $250K

Strategic Positioning

Hurupay positions itself as "global from day one" by operating at the stablecoin settlement layer rather than building country-by-country banking licenses like Wise or Revolut. Focus on embedding FX directly into payroll workflows rather than standalone wallet-to-wallet transfers. Partnerships include top U.S. bank (unnamed), Coins.ph, Circle Alliance, and blockchain ecosystems (Base, Solana, Stellar).