AI-powered lending platform Payhippo has officially rebranded to Rivy, reflecting its shift toward financing renewable energy solutions in Africa. Alongside the rebrand, Rivy announced a $4 million pre-Series A funding round—$2M in debt and $2M in equity—backed by All On and EchoVC Eco, both climate-focused investors.
Since its 2019 launch, Rivy has evolved from providing SME loans to enabling affordable financing for clean energy solutions in Nigeria. With over 600 million Africans lacking reliable electricity, Rivy aims to bridge the energy financing gap, offering loans for solar micro-grids and access to carbon markets to help individuals and businesses transition to clean energy.
With this fresh funding, Rivy plans to expand loan disbursements, scale operations, and drive Africa’s renewable energy adoption, contributing to lower carbon emissions and economic growth.
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