Hurupay
Hurupay provides USD, EUR, and GBP virtual accounts to remote workers, freelancers, and businesses in emerging markets, using stablecoin-enabled rails and crypto-exchange off-ramps to deliver same-day cross-border payments in 100+ countries.
- Company typePrivate
- Founded2023
- HeadquartersMiddletown, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
Hurupay firmographics
Firmographics- Name
- Hurupay
- Legal name
- Hurupay Inc.
- Website
- https://hurupay.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Hurupay provides USD, EUR, and GBP virtual accounts to remote workers, freelancers, and businesses in emerging markets, using stablecoin-enabled rails and crypto-exchange off-ramps to deliver same-day cross-border payments in 100+ countries.
- Ownership category
- akta.pro rank
Hurupay industry classification
Industry- Product category
- Cross-Border Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
- akta.pro secondary industries
- Crypto Merchant Acquirers & PSPs (Payment Service Providers) (FSADAIAB), Invoice, Billing & Subscription Payments (Crypto) (FSADAIAG), Virtual Card & Tokenization Schemes (FSAMAAAG), Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD)
Keywords
Where Hurupay is headquartered
LocationHeadquarters
- HQ city
- Middletown
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Hurupay business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction/Fee-based Revenue: Hurupay charges fees for receiving and sending money globally. The platform offers free account opening with no monthly fees, but generates revenue through transaction fees on payments processed through ACH, Wire, SEPA, and SWIFT transfers.
- Interest on Savings Products: Users earn up to 8% APY on USDC/USDT holdings deposited in earning vaults. Hurupay connects to capital markets and takes a small fee from the returns generated.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free Account - USD, EUR, and GBP accounts with no minimum deposits required |
| Subscription | Monthly | Earn Interest - Savings product with up to 8% APY on USDC/USDT |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Hurupay product offering
Product offeringCore offering
Hurupay provides a digital banking platform that issues multi-currency virtual accounts (USD, EUR, GBP) to non-US residents, enabling them to receive cross-border payments via ACH, Wire, SEPA, SWIFT, and Faster Payments rails. Users can withdraw funds to local banks, mobile money wallets, or crypto exchanges, and can earn interest of up to 8% APY on USDC/USDT stablecoin holdings. The platform also offers virtual USD cards and business accounts with batch payment capabilities for companies paying remote teams globally.
Product overview
Hurupay is a global fintech platform offering a unified suite of cross-border payment and banking services, architecturally structured around a core multi-currency account product (Foreign Accounts supporting USD, EUR, and GBP) supplemented by modular add-on services. The core Foreign Accounts product serves as the primary banking infrastructure, enabling users to receive and send international payments via ACH, Wire, SEPA, SWIFT, and Faster Payments rails. Built atop this core are the Virtual USD Card for online spending, the Earn Interest savings feature (up to 8% APY on USDC/USDT deposits), Batch Payments for businesses, Professional Invoicing, and multi-channel withdrawal options including crypto exchanges (Binance, Bybit, Coinbase, Coins.PH) and local banks/mobile money. The platform targets remote workers, freelancers, and businesses in 100+ countries, with support for multiple languages including English, Spanish, French, Portuguese, Filipino, and Chinese.
Differentiator
Problem solved
Functional benefit
Products and services
- Foreign Accounts (USD, EUR, GBP)
- Virtual USD Card
- Earn Interest Savings Vault
- Business Account with Batch Payments
Quantifiable outcome
- Traditional cross-border payments take up to 6 days; Hurupay offers same-day settlements
- +3 more outcomes
Companies that use Hurupay
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Hurupay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration24 records
AI capability4 records
Feature5 records
Hurupay partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- Circle (USDC Issuer)coreHurupay was selected as a recipient of Circle's blockchain and web3 developer grant program supporting innovative projects advancing onchain finance. As part of USDC ecosystem, Hurupay enables users to receive USDC directly and withdraw to crypto exchanges.
- BinancecoreUsers can withdraw funds to Binance to convert to USDC/USDT for P2P trading at favorable rates. Primary crypto withdrawal destination mentioned on platform.
- GustocorePayroll platform partner allowing US companies to pay remote workers globally. Users can receive USD salary payments directly from Gusto to their Hurupay accounts.
- UpworkcoreFreelance platform integration allowing freelancers to receive payments from clients worldwide directly to Hurupay USD accounts.
- PayPalminorUsers can receive USD payments from PayPal accounts to their Hurupay wallets.
- Wise (formerly TransferWise)minorUsers can receive USD from Wise accounts to their Hurupay accounts.
- BybitCrypto exchange withdrawal option for users to convert USD funds to USDT for P2P trading.
- DeelcoreContractor payroll platform enabling businesses to pay international contractors and freelancers.
- PayoneerminorUsers can receive USD payments from Payoneer accounts.
- RevolutminorUsers can receive USD payments from Revolut accounts.
- MonzominorUK neobank integration for receiving payments.
- VenmominorUsers can receive or transfer USD from Venmo to Hurupay.
- StripeminorPayment processor integration for receiving payments from businesses using Stripe.
- FiverrminorFreelance platform for receiving payments from clients.
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
Hurupay competitors and assessment
Company assessmentDirect peers
- LemFi: Cross-border payments platform purpose-built for African and other diaspora communities to send and receive money, with multi-currency accounts and remittance focus — directly comparable target customer and value proposition to Hurupay.
- Nala: Africa-focused remittance and payments app enabling diaspora to send money home with low fees and fast settlement. Same African diaspora sender base and emerging-market corridors as Hurupay.
- Chipper Cash: Pan-African mobile money and cross-border payments platform with crypto on/off-ramp functionality. Strongly overlaps with Hurupay's Africa-focused multi-currency and stablecoin strategy.
- Sendwave: Mobile-first remittance service focused on Africa, owned by WorldRemit/Zepz. Same African-diaspora target segment and cross-border value proposition as Hurupay.
- Yellow Card: Pan-African crypto on/off-ramp and stablecoin payments platform. Directly comparable to Hurupay's stablecoin-integrated multi-currency offering for African users.
Broad incumbents
- Wise: Established global multi-currency account and cross-border payments platform with broad currency and country coverage. Competes directly with Hurupay on multi-currency accounts for international payments but at much greater scale.
- Payoneer: Cross-border B2B payments and freelancer receiving-accounts platform serving contractors and SMBs globally. Overlaps Hurupay's freelancer remote-worker and business-batch-payments use cases.
- Revolut: Global digital banking super-app offering multi-currency accounts, virtual cards, and crypto features across 100+ countries. Broader portfolio than Hurupay but directly overlaps on the same products.
- Deel: Global payroll and contractor-payment platform enabling companies to pay international workers in local currency or stablecoins. Overlaps with Hurupay's batch-payments-to-remote-teams use case.
- Remitly: Large-scale digital remittance service operating across many emerging-market corridors globally, with same diaspora send-money-home value proposition as Hurupay at significantly greater scale.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Hurupay social profiles
Digital presenceHurupay compliance and trust
Trust signalCompliance4 records
Hurupay financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hurupay leadership team
Management profileNumber of profiles
Profiles5 records
Hurupay funding detail
Funding detailFunding overview
Funding rounds4 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hurupay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hurupay
What does Hurupay do?
Hurupay provides a digital banking platform that issues multi-currency virtual accounts (USD, EUR, GBP) to non-US residents, enabling them to receive cross-border payments via ACH, Wire, SEPA, SWIFT, and Faster Payments rails. Users can withdraw funds to local banks, mobile money wallets, or crypto exchanges, and can earn interest of up to 8% APY on USDC/USDT stablecoin holdings. The platform also offers virtual USD cards and business accounts with batch payment capabilities for companies paying remote teams globally.
Is Hurupay a public or private company?
Hurupay is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Hurupay founded?
Hurupay was founded in 2023. It employs 1 to 10 people.
Where is Hurupay based?
Hurupay is headquartered in Middletown, United States, in the North America region.
How does Hurupay make money?
Two revenue lines are on record. Transaction/Fee-based Revenue is the primary driver. The others are interest on Savings Products.
Who are Hurupay's main competitors?
Direct peers on record are LemFi, Nala, Chipper Cash, Sendwave and Yellow Card. Broad incumbents are Wise, Payoneer, Revolut, Deel and Remitly.
Does Hurupay have an API?
No public API is recorded for Hurupay.
What industry is Hurupay in?
Hurupay's product category is Cross-Border Payments. Its primary akta.pro industry code is BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms, with a secondary code of FSADAIAB, Crypto Merchant Acquirers & PSPs (Payment Service Providers). Its NAICS code is 52232 and its SIC code is 6199.