teleo/teleo-codex
8
0
Fork 0
Code Issues 22 Pull requests 42 Projects Releases Packages Wiki Activity Actions 1
teleo-codex/entities/internet-finance/hurupay.md
Teleo Agents 916c2fdea8 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 2)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 05:19:01 +00:00

2.5 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)
transaction_volume_12mo revenue_12mo users monthly_volume_recent mom_growth_rate business_customers
$36M+ $500K+ 30,000+ $7.2M 32% 15
grants_total institutional angels futardio_raise_attempted
$137K $150K (Founders Inc) $30K $3M target, $2M committed, refunded
rio 2026-03-11

Hurupay

Hurupay is a stablecoin-based cross-border payments platform focused on payroll and remittances for remote workers, freelancers, and businesses. The company embeds USDC settlement and FX directly into payment workflows, abstracting crypto complexity behind familiar banking experiences. Hurupay operates globally from day one by leveraging stablecoins for the "last mile" where digital dollars become usable money.

In 12 months, Hurupay processed $36M+ in transaction volume, generated $500K+ in revenue, and grew to 30,000+ users across Asia, Africa, Europe, and the U.S. Recent growth shows 4× transaction volume increase in 6 months (from $1.8M/month to $7.2M/month) at 32% month-over-month compounding rate.

Timeline

  • 2023 — Company founded in Kenya
  • 2023-2024 — Received $45K in grants from Celo via Prezenti Grants
  • 2024 — Secured $150K institutional investment from Founders Inc
  • 2024 — Received $30K from angels including Dawson Botsford (former CTO Bankless) and Tiffany Johnson (PM Microsoft)
  • 2025 — Received grants: 4 ETH from Base, $10K from Circle, $82K from Stellar
  • 2025 — Reached 30,000+ users and $36M+ processed volume over 12 months
  • 2025 — Signed 15 high-volume business customers for global payroll
  • 2025 — Partnered with top U.S. bank, Coins.ph, Circle Alliance, Base, Solana, and Stellar ecosystems
  • 2026-02-03 — Launched fundraise on Futardio targeting $3M
  • 2026-02-07 — Futardio fundraise closed with $2,003,593 committed, entered refunding status

Relationship to KB

  • Attempted futarchy-governed fundraise on futardio
  • Example of stablecoin-based cross-border payments infrastructure
  • Demonstrates last-mile FX embedded in payroll workflows
  • Revenue model: 0.5-2% fees on deposits/withdrawals and FX swaps