What is Rivy?
Rivy, formerly known as Payhippo, was established in 2019 and is headquartered in Lagos, Nigeria. The company operates within the financial services industry, with a specialized focus on providing accessible financing solutions tailored for renewable energy projects. Rivy's comprehensive offerings include inventory financing for clean energy equipment vendors, asset financing for both homeowners and businesses, micro-grid financing for project developers, and specialized carbon finance services. Through these initiatives, Rivy is actively working to accelerate Africa's transition to sustainable power sources by ensuring affordable access to clean energy technologies.
How much funding has Rivy raised?
Rivy has raised a total of $4M across 1 funding round:
Other Financing Round
$4M
Other Financing Round (2025): $4M with participation from All On and EchoVC Partners
Key Investors in Rivy
All On
All On is dedicated to enhancing access to commercial energy products and services for underserved and unserved off-grid energy markets in Nigeria, particularly in the Niger Delta region. The company focuses on fostering powerful collaborations to drive energy innovations.
EchoVC Partners
EchoVC Partners is a privately owned venture capital company that provides financing and cross-pollinating to companies, teams, and business models in Sub-Saharan Africa, Europe, and North America. The company was established in 2011 and is headquartered in Lagos, Nigeria.
What's next for Rivy?
With this substantial enterprise-level funding, Rivy is strategically positioned to expand its reach and deepen its impact within the African renewable energy market. The company's focus on diverse financing mechanisms, from vendor inventory to micro-grids and carbon finance, indicates a robust strategy for scaling sustainable energy adoption. Future growth is likely to involve further partnerships and technological enhancements to streamline financing processes and broaden accessibility, solidifying Rivy's role as a key enabler of Africa's green energy transition.
See full Rivy company page
