a1ada8c4c2
- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
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2 KiB
Markdown
42 lines
No EOL
2 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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website: https://hurupay.com
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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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transaction_volume_12mo: "$36M+"
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monthly_volume_current: "$7.2M"
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revenue_12mo: "$500K+"
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users: "30,000+"
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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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---
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# Hurupay
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Hurupay is a stablecoin-native cross-border payments platform focused on the "last mile" of onchain FX—where stablecoins become usable money through payroll, wages, and cash-out workflows. The company enables 24/7 instant swaps between USD and non-USD stablecoins embedded directly into payment flows, abstracting crypto complexity behind familiar banking experiences.
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Founded in Kenya, Hurupay has processed $36M+ in transaction volume over 12 months with 30,000+ users across Asia, Africa, Europe, and the U.S. The platform generates revenue through deposit fees (~0.5-2%) on both consumer and business sides.
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## Timeline
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- **2023** — Company founded; received $45K in grants from Celo via Prezenti
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- **2024** — Secured $150K investment from Founders Inc; received backing from angels at Microsoft and Bankless
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- **2025** — Received grants from Base (4 ETH), Circle ($10K), and Stellar ($82K); partnered with top U.S. bank, Coins.ph, Circle Alliance, Base, Solana, and Stellar ecosystems
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- **2026-02-03** — Launched $3M fundraise on Futardio (MetaDAO's futarchy launchpad); raised $2M+ in committed capital
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- **2026-02-07** — Futardio fundraise closed with REFUNDING status
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## Relationship to KB
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- [[futardio]] — raised capital through futarchy-governed ICO
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- [[MetaDAO]] — used MetaDAO's launchpad infrastructure
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- Demonstrates [[internet-capital-markets-compress-fundraising-timelines]] with sub-week raise
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- Example of stablecoin-native fintech targeting emerging market payment corridors |