7688f0bc6a
- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
45 lines
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2.3 KiB
Markdown
45 lines
No EOL
2.3 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"
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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"
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funding:
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grants_total: "$137K"
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institutional: "$150K (Founders Inc)"
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angels: "$30K"
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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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Stablecoin-based cross-border payments and payroll platform serving remote workers, freelancers, and businesses. Processes $7.2M/month in transaction volume with 30K+ users across Asia, Africa, Europe, and the U.S. Embeds stablecoin settlement and FX directly into payroll and payment workflows, abstracting crypto complexity behind banking-like experiences.
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## Timeline
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- **2023** — Founded by Philip Mburu, Allan Okoth, and James Mugambi; received $45K in grants from Celo via Prezenti
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- **2024** — Scaled to $1.8M/month transaction volume; received additional Celo grants
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- **2024-Q3** — Secured $150K investment from Founders Inc
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- **2024-Q4** — Onboarded multiple high-volume U.S. business customers for recurring payroll
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- **2025** — Received grants from Base (4 ETH), Circle ($10K), and Stellar ($82K); signed partnerships with top U.S. bank, Coins.ph, Circle Alliance, Base, Solana, and Stellar
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- **2025-H2** — Grew transaction volume 4× from $1.8M/month to $7.2M/month at 32% MoM growth rate
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- **2026-02-03** — Launched futarchy-governed fundraise on Futardio targeting $3M-$5M; raised $2M+ before entering refunding status
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- **2026-02-07** — Futardio fundraise closed in refunding status
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## Relationship to KB
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- Demonstrates [[stablecoin flow velocity is a better predictor of DeFi protocol health than static TVL because flows measure capital utilization while TVL only measures capital parked]] through revenue model based on transaction flow
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- Case study for stablecoin-native cross-border payments infrastructure
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- Example of [[futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility]] through Futardio launch |