Nigerian fintech Payhippo rebrands as Rivy, raises $4 million for clean energy financing
- Rivy raised $4 million in a pre-Series A funding round to focus on clean energy financing.
- The funding was split evenly between $2 million in debt and $2 million in equity.
- Rivy connects over 250 solar vendors and installers with businesses needing solar systems.
Tech In Africa - Mar 29, 2025
Rivy, formerly Payhippo, Rebrands and Secures US$4 Million in Pre-Series A Funding to Propel Africa’s Clean Energy Future
Rivy, formerly known as Payhippo, has rebranded and secured a US$4 million pre-Series A funding roun
Rivy's pivot to clean energy financing reflects a significant trend in the fintech sector, where companies are increasingly addressing structural challenges in emerging markets. This strategic shift not only positions Rivy as a leader in renewable energy financing but also demonstrates the potential for fintechs to innovate beyond traditional lending models. The focus on sustainability and addressing energy access issues could attract further investment and partnerships, enhancing Rivy's growth prospects.
