Rivy, formerly Payhippo, Rebrands and Secures US$4 Million in Pre-Series A Funding to Propel Africa’s Clean Energy Future
- Rivy has successfully closed a US$4 million pre-Series A funding round, including US$2 million in debt and US$2 million in equity.
- The company has rebranded from Payhippo to Rivy, reflecting its focus on renewable energy financing.
- Rivy aims to expand access to clean energy across Nigeria and sub-Saharan Africa, addressing the needs of over 600 million people lacking reliable electricity.
Rivy's rebranding and funding acquisition mark a significant step towards addressing the energy access challenges in Africa. The company's focus on renewable energy financing not only supports economic growth but also contributes to environmental sustainability. It will be crucial for Rivy to maintain its momentum and effectively manage partnerships to maximize its impact in the region.
