916c2fdea8
- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
54 lines
No EOL
2.5 KiB
Markdown
54 lines
No EOL
2.5 KiB
Markdown
---
|
||
type: entity
|
||
entity_type: company
|
||
name: Hurupay
|
||
domain: internet-finance
|
||
status: active
|
||
founded: 2023
|
||
headquarters: Kenya
|
||
website: https://hurupay.com
|
||
key_people:
|
||
- Philip Mburu (Co-Founder & CEO)
|
||
- Allan Okoth (Co-Founder & CTO)
|
||
- James Mugambi (Co-Founder & COO)
|
||
- Maxwel Ochieng (Founding Engineer)
|
||
- Collins Wanga (Compliance Lead)
|
||
key_metrics:
|
||
transaction_volume_12mo: "$36M+"
|
||
revenue_12mo: "$500K+"
|
||
users: "30,000+"
|
||
monthly_volume_recent: "$7.2M"
|
||
mom_growth_rate: "32%"
|
||
business_customers: 15
|
||
funding:
|
||
grants_total: "$137K"
|
||
institutional: "$150K (Founders Inc)"
|
||
angels: "$30K"
|
||
futardio_raise_attempted: "$3M target, $2M committed, refunded"
|
||
tracked_by: rio
|
||
created: 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 |