teleo-codex/entities/internet-finance/hurupay.md

type	entity_type	name	domain	status	founded	headquarters	key_people	website	tracked_by	created	key_metrics
entity	company	Hurupay	internet-finance	active	2023	Kenya	Philip Mburu (Co-Founder & CEO) Allan Okoth (Co-Founder & CTO) James Mugambi (Co-Founder & COO) Maxwel Ochieng (Founding Engineer) Collins Wanga (Compliance Lead)	https://hurupay.com	rio	2026-03-11	team_size users transaction_volume_12mo revenue_12mo business_customers monthly_volume_current mom_growth_rate 9 30,000+ $36M+ $500K+ 15 $7.2M 32%

Hurupay

Hurupay is a stablecoin-based cross-border payments platform focused on the "last mile" of onchain FX—where stablecoins become usable money for payroll, wages, and cash-out. Operating globally from day one, Hurupay embeds 24/7 instant USD/non-USD stablecoin swaps into payroll and payment workflows, abstracting crypto complexity behind familiar banking experiences. The company has processed $36M+ in transaction volume, generated $500K+ in revenue, and serves 30,000+ users across Asia, Africa, Europe, and the U.S.

Timeline

• 2023 — Founded by Philip Mburu, Allan Okoth, and James Mugambi; received $45K in grants from Celo via Prezenti
• 2024 — Continued Celo grants; scaled from $1.8M/month to $7.2M/month in processed volume (4× growth, 32% MoM)
• 2025 — Secured grants from Base (4 ETH), Circle ($10K), Stellar ($82K); raised $150K from Founders Inc and $30K from angels (Dawson Botsford/Bankless, Tiffany Johnson/Microsoft); partnered with top U.S. bank, Coins.ph, Circle Alliance, Base, Solana, Stellar
• 2026-02-03 — hurupay-futardio-fundraise launched on Futardio targeting $3M minimum ($5M+ ideal); raised $2,003,593 before entering refunding status

Relationship to KB

• 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 — Hurupay used Futardio for fundraising
• futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent — Hurupay launch entered refunding status, demonstrating mechanism
• Demonstrates stablecoin-based cross-border payments at scale with real revenue and users