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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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2.1 KiB
Markdown
40 lines
No EOL
2.1 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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website: https://hurupay.com
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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 (as of 2026-02)"
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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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mom_growth: "32%"
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business_customers: 15
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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-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.
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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).
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## Timeline
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- **2023** — Founded; received $45K in Celo grants via Prezenti
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- **2024** — Continued Celo grant support; received $150K investment from Founders Inc
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- **2025** — Secured grants from Base (4 ETH), Circle ($10K), Stellar ($82K); signed 15 high-volume business customers; reached 30,000+ users
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- **2026-02-03** — [[hurupay-futardio-fundraise|Launched $3M fundraise on Futardio]]; raised $2,003,593 before entering refunding status
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## Relationship to KB
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- [[internet-capital-markets-compress-fundraising-timelines]] — case study in futarchy-based capital formation
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- [[futardio]] — platform used for 2026 fundraise attempt
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- [[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 |