25124df658
- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
2.1 KiB
2.1 KiB
| type | entity_type | name | domain | status | founded | headquarters | website | key_people | key_metrics | tracked_by | created | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | company | Hurupay | internet-finance | active | 2023 | Kenya | https://hurupay.com |
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rio | 2026-03-11 |
Hurupay
Hurupay is a stablecoin-based cross-border payments platform focused on the "last mile" of onchain FX—embedding stablecoin settlement directly into payroll and payment workflows. The company processes $7.2M/month in transaction volume (up 4× in 6 months) serving 30,000+ users across Asia, Africa, Europe, and the U.S. Revenue model is fee-based (~0.5-2% on deposits/FX) generating $500K+ annually.
Backed by Founders Inc ($150K), grants from Celo ($45K), Base (4 ETH), Circle ($10K), Stellar ($82K), and angels from Microsoft and Bankless. Team of 9 led by founders with 7-9 years crypto/payments experience. Partnerships include a top U.S. bank, Coins.ph, Circle Alliance, and major blockchain ecosystems (Base, Solana, Stellar).
Timeline
- 2023 — Founded; received $45K in Celo grants via Prezenti
- 2024 — Continued Celo grant support; received $150K investment from Founders Inc
- 2025 — Secured grants from Base (4 ETH), Circle ($10K), Stellar ($82K); signed 15 high-volume business customers; reached 30,000+ users
- 2026-02-03 — hurupay-futardio-fundraise; raised $2,003,593 before entering refunding status
Relationship to KB
- internet-capital-markets-compress-fundraising-timelines — case study in futarchy-based capital formation
- futardio — platform used for 2026 fundraise attempt
- MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale — participant in MetaDAO ecosystem