US crypto firm exits Kenya amid anti-money laundering scrutiny

Founded in 2023 by Kenyans Philip Mburu, Allan Okoth and James Mugambi, Hurupay is incorporated in the US state of Delaware.

Photo credit: Photo | Shutterstock

US-based digital payments company Hurupay has stopped processing cross-border money transfers and cryptocurrencies in the Kenyan market amid increased anti-money-laundering checks.

The tech company has notified Kenyan users that its US dollar-backed services are no longer available in the country, denying local freelancers and businesses access to overseas client payments, as well as payments from friends and family members abroad.

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