m3taversal
988c376865
- Added target_usd, initial_token_price_usd from Cory's spreadsheet for all 10 coins - Added operations.monthly_allowance_usd for all coins - Added OMFG token mint (omfgRBnxHsNJh6YeGbGAmWenNkenzsXyBXm3WDhmeta) - Added MTN token mint (mtnc7NNSpAJuvYNmayXU63WhWZGgFzwQ2yeYWqemeta) - Added LP pool addresses: OMFG (3 pools), Avici (1), Solomon (2), Umbra (2) - Updated Hurupay with ownership-coin schema (failed ICO: $2M of $3M target, refunded) - Renamed token_address to token_mint, treasury_multisig_address to treasury_multisig - Flagged OMFG monthly allowance discrepancy ($10K on MetaDAO page vs $50K in spreadsheet) - P2P.me token mint still unfound (ICO too recent, not indexed yet) - Treasury multisig addresses still unknown for all coins (not publicly indexed) - LP pools for Loyal, ZKFG, Paystream not found in search Pentagon-Agent: Rio <244BA05F-3AA3-4079-8C59-6D68A77C76FE>
73 lines
No EOL
3.5 KiB
Markdown
73 lines
No EOL
3.5 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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subtype: ownership-coin
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status: failed
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launch_platform: metadao-curated
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launch_date: "2026-02-03"
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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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- Maxwel Ochieng (Founding Engineer)
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- Collins Wanga (Compliance Lead)
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website: https://hurupay.com
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raise:
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target_usd: 3000000
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amount_raised_usd: 0
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amount_committed_usd: 2003593
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oversubscription_ratio: 0
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initial_token_price_usd: null
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operations:
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monthly_allowance_usd: null
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chain:
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token_mint: null
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network: solana
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market_cap_usd: null
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price_usd: null
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circulating_supply: null
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total_supply: null
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treasury_multisig: null
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treasury_multisig_usd: null
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lp_pools: []
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equity_value_usd: null
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data_updated: null
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key_metrics:
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total_volume: "$36M+ (12 months)"
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revenue: "$500K+ (12 months)"
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users: "30,000+"
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monthly_volume: "$7.2M (Feb 2026)"
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business_customers: 15
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team_size: 9
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tracked_by: rio
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created: 2026-03-11
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source_archive: "inbox/archive/2026-02-03-futardio-launch-hurupay.md"
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---
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# Hurupay
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Hurupay is a stablecoin-based cross-border payments platform that embeds FX settlement directly into payroll and payment workflows. The company focuses on "last-mile" stablecoin utility—where digital dollars convert into usable money within familiar banking experiences—rather than wallet-to-wallet transfers. Operating across Asia, Africa, Europe, and the U.S., Hurupay has processed $36M+ in volume with 30,000+ users and $500K+ in revenue over 12 months.
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The platform abstracts crypto complexity behind traditional payment interfaces while using stablecoins (USDC, USDT) for settlement infrastructure. Revenue comes from 0.5-2% fees on deposits and FX across both consumer and business sides. The company has secured backing from Founders Inc and angels from Microsoft and Bankless, and partnered with a top U.S. bank, Coins.ph, Circle Alliance, and blockchain ecosystems including Base, Solana, and Stellar.
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## Timeline
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- **2023** — Founded; received $45K in grants from Celo via Prezenti Grants
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- **2024** — Continued Celo grant support; secured $150K investment from Founders Inc
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- **2025** — Received grants from Base (4 ETH), Circle ($10K), Stellar ($82K); angel investments from Dawson Botsford (Bankless, $20K) and Tiffany Johnson (Microsoft, $10K)
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- **H2 2025** — Achieved 32% month-over-month growth rate; scaled from ~$1.8M/month to $7.2M/month in transaction volume (4× growth in 6 months)
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- **2026-02-03** — Launched $3M fundraise on Futardio (MetaDAO's futarchy launchpad)
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- **2026-02-07** — Futardio fundraise closed with $2,003,593 committed (67% of target); entered refund status
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## Relationship to KB
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- Demonstrates hurupay-demonstrates-stablecoin-last-mile-fx-embedding-settlement-into-payroll-and-payments-workflows through workflow-embedded FX
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- Case study for hurupay-raised-2m-of-3m-target-on-futardio-before-refunding-suggesting-futarchy-governed-launches-face-liquidity-or-conviction-gaps in futarchy-governed fundraising
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- Relevant to [[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]]
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- Contrasts with [[cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face]] by demonstrating payments as viable use case |