Hurupay provides a virtual USD account for non-US residents, enabling them to receive global payments directly without needing a physical US bank account. The platform facilitates instant money transfers to local currencies, addressing the challenge of cross-border remittances for African migrants.
Funding
Funding not disclosed
Founders
Product
Problem
Non-US residents often face challenges in receiving USD payments directly due to the complexities and costs associated with traditional international money transfers and the requirement for a physical US bank account. This can create barriers for freelancers, remote workers, and businesses operating globally, particularly in regions with limited access to standard banking infrastructure.
Solution
Hurupay provides virtual USD, EUR, and GBP accounts for individuals and businesses outside the US, enabling them to receive global payments as if they had a local bank account. Users can receive payments via ACH, Wire, SEPA, or SWIFT from various sources, including US banks, European banks, PayPal, Wise, and platforms like Upwork and Fiverr. The platform supports instant money transfers to local currencies through various withdrawal options, including local banks, mobile money, and crypto exchanges. Hurupay aims to simplify cross-border transactions and provide accessible financial services to a global audience.
Target Audience
The primary target audience includes freelancers, remote workers, and businesses located outside the US who need to receive and manage international payments in USD, EUR, or GBP.
Features
- Virtual USD, EUR, and GBP accounts for non-US residents and businesses
- Ability to receive payments via ACH, Wire, SEPA, and SWIFT
- Integration with popular platforms like PayPal, Wise, Upwork, and Fiverr
- Multiple withdrawal options, including local banks, mobile money, and crypto exchanges (Binance, Bybit, Coinbase)
- Option to generate professional invoices
- Multi-lingual support (English, Spanish, French, Portuguese, Filipino, and Chinese)
- Virtual cards for online transactions
- Staking option to earn interest on held funds (up to 4.5% annually)
- Batch payment feature for businesses to pay remote teams