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.
Goldman Sachs-backed Kobo360 cut jobs in November as part of restructuring
Kobo360 implemented company-wide layoffs across its seven markets in November 2024. CEO Cikü Mugambi resigned, citing fundraising difficulties.
EchoVC has a $2.5m fund and it’s not for fintech startups
EchoVC is launching a $2.5 million fund to seed early-stage energy, agri-tech, and climate-tech startups. The fund will focus on companies that boost agricultural productivity, help farmers access new markets, and bring new cooling and energy storage technologies to the market.
