# PayHippo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/payhippo

- Industry: Financial Services
- Headquarters: Lagos, Nigeria
- Website: www.rivy.co/
- Total disclosed funding: $3M
- Latest round: Seed (Nov 3, 2021)
- Investors on record: 3

## About

Rivy, formerly known as PayHippo Limited, is a Nigerian company specializing in financing solutions that improve access to clean energy, focusing on inventory, asset, microgrid, and carbon financing.Rivy empowers businesses and households by providing tailored financing solutions for clean energy projects. Founded in 2019, the company is based in Lagos, Nigeria. The founders include Chioma Okotcha, Uche Nnadi, and Zach Bijesse, with Dami Olawoye serving as the CEO. The company has completed 4 deals, with the latest funding round occurring on March 26, 2025, where they raised USD 2.00 mn in debt financing from investors including All On and EchoVC Partners. The total amount raised to date is USD 2.00 mn.Rivy provides a suite of financing solutions tailored to enhance accessibility to clean energy, specifically through inventory financing, asset financing, microgrid financing, and carbon financing. Their core offerings are designed to help business owners, homeowners, and micro-grid contractors overcome financial barriers in transitioning to renewable energy. Rivy’s financing options cater to small and medium-sized enterprises as well as residential customers across emerging markets looking to adopt solar energy solutions.Rivy's revenue model is structured around offering flexible financing directly to consumers and businesses. Clients can access funding for solar energy systems through a streamlined application process on Rivy's platform, utilizing tailored payment plans that minimize upfront costs. This direct-to-consumer approach not only enhances revenue potential but also broadens market reach within the clean energy sector.In March 2025, Rivy raised USD 2.00 mn in debt funding as part of a larger USD 4.00 mn equity and debt financing. The company plans to utilize this funding to extend its renewable energy finance options for businesses beyond Nigeria. This initiative aims to support the expansion of their products into new geographic markets, enhancing their reach and impact in the renewable energy sector.

## Funding rounds

- Seed, Nov 3, 2021, $3M — VentureSouq, TEN13, Prodigio Capital

## Investors

- VentureSouq (https://capitalatlas.ai/funds/venturesouq) — Seed
- TEN13 (https://capitalatlas.ai/funds/ten13) — Seed
- Prodigio Capital (https://capitalatlas.ai/funds/prodigio-capital) — Seed