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- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
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3.1 KiB
Markdown
68 lines
No EOL
3.1 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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key_metrics:
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monthly_volume: "$7.2M (2026-01)"
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total_volume_12mo: "$36M+"
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revenue_12mo: "$500K+"
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users: "30,000+"
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growth_rate: "32% MoM (6-month period)"
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funding:
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- amount: "$2,003,593"
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date: "2026-02-03"
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type: "Futarchy ICO (refunded)"
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platform: "Futardio"
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- amount: "$150,000"
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date: "2024"
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type: "Equity"
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investor: "Founders Inc"
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- amount: "$137,000"
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type: "Grants"
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sources: "Celo ($45K), Base (4 ETH), Circle ($10K), Stellar ($82K)"
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- amount: "$30,000"
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type: "Angel"
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investors: "Dawson Botsford (Bankless), Tiffany Johnson (Microsoft)"
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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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---
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# Hurupay
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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.
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## Timeline
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- **2023** — Company founded in Kenya
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- **2023-2024** — Received $45K in Celo grants via Prezenti
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- **2024** — Secured $150K equity investment from Founders Inc
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- **2025** — Received grants from Base (4 ETH), Circle ($10K), Stellar ($82K)
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- **2025** — Raised $30K from angels including Dawson Botsford (ex-Bankless CTO) and Tiffany Johnson (Microsoft PM)
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- **2025-07 to 2026-01** — Scaled from $1.8M to $7.2M monthly transaction volume (4× growth, 32% MoM)
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- **2026-02-03** — Launched $3M fundraise on Futardio (MetaDAO's futarchy launchpad)
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- **2026-02-07** — Futardio fundraise closed with $2M committed but entered refunding status
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## Relationship to KB
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- [[futardio]] — fundraising platform used
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- [[MetaDAO]] — parent organization of Futardio
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- Demonstrates [[internet-capital-markets-compress-fundraising-timelines]] with 4-day raise execution
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- Example of stablecoin-native fintech targeting emerging market corridors
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## Key Metrics
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- **12-month performance (2025):** $36M+ processed volume, $500K+ revenue, 30K+ users
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- **6-month growth (2025-07 to 2026-01):** 4× volume increase, 32% MoM compounding
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- **Business customers:** 15 high-volume clients running recurring payroll
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- **Team size:** 9 people
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- **Token allocation (proposed):** 39% ICO, 11.3% liquidity, 42.66% team (3-year lockup), 7% previous investors (2-year vest)
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- **Monthly burn rate:** $250K
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## Strategic Positioning
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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). |