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teleo-codex/entities/internet-finance/hurupay.md
Teleo Agents 3e6c2a10b3 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 11:46:58 +00:00

2.4 KiB
Raw Blame History

type entity_type name domain status founded headquarters website key_people key_metrics funding tracked_by created
entity company Hurupay internet-finance active 2023 Kenya https://hurupay.com
Philip Mburu (Co-Founder & CEO)
Allan Okoth (Co-Founder & CTO)
James Mugambi (Co-Founder & COO)
Maxwel Ochieng (Founding Engineer)
Collins Wanga (Compliance Lead)
total_volume monthly_volume revenue users business_customers team_size
$36M+ (12 months) $7.2M (current) $500K+ (12 months) 30,000+ 15 9
grants institutional angels
$137K (Celo, Base, Circle, Stellar) $150K (Founders Inc) $30K (Bankless, Microsoft)
rio 2026-03-11

Hurupay

Hurupay is a stablecoin-based cross-border payments platform that embeds foreign exchange into payroll and payment workflows. The company processes $7.2M monthly volume across 30,000+ users by abstracting blockchain complexity behind familiar banking experiences—users interact with payroll and withdrawals rather than wallets and tokens.

The platform enables 24/7 instant swaps between USD and non-USD stablecoins embedded directly into payment flows, positioning itself as "last mile" infrastructure where stablecoins become usable money. Revenue comes from 0.5–2% fees on deposits, withdrawals, and payroll funding.

Hurupay attempted a $3M fundraise on Futardio in February 2026 but entered refunding status after committing $2M, demonstrating futarchy's liquidation mechanism in practice.

Timeline

  • 2023 — Founded; secured $45K in grants from Celo via Prezenti
  • 2024 — Processed initial transaction volume; secured backing from Founders Inc ($150K) and angels from Microsoft and Bankless ($30K total)
  • 2025 Q3-Q4 — Scaled from ~$1.8M/month to $7.2M/month in processed volume (4× growth, 32% MoM)
  • 2025 — Secured additional grants: Base (4 ETH), Circle ($10K), Stellar ($82K)
  • 2026-02-03 — Launched $3M fundraise on Futardio
  • 2026-02-07 — Fundraise closed in refunding status after committing $2,003,593 (66.8% of target)

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