Rivy
Clean energy financing for Nigerian homes and businesses, covering solar systems and electric vehicles.
Private company- Sector
- Climate
- Based in
- Lagos, Nigeria
- Founded
- 2019
- Invested
- Oct 2021
- Formerly
- Payhippo
Rivy provides financing for clean energy in Nigeria. Its products include inventory finance for solar vendors and installers, asset finance for homeowners and businesses buying solar systems, financing for micro-grid developers, and carbon finance that connects projects to carbon markets. It also runs an online store for solar equipment.
The company started out as Payhippo, a Lagos fintech that made fast, short-term loans to small businesses and went through Y Combinator in 2021. In March 2025 it rebranded as Rivy and refocused on clean energy, alongside a $4 million raise of equity and debt co-led by EchoVC and All On.
In 2026 Rivy added electric vehicle financing, lending to fleet operators, logistics businesses and dealers for electric two- and three-wheelers, including a partnership with Ecowaka to finance electric tricycles.
