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.
As of 29 Sep 2026
Why I own it
Nigeria's grid is unreliable, and millions of homes and businesses run on diesel generators. Rivy finances solar, micro-grids and electric vehicles so they can switch.
The world needs far more electricity, and in places like Nigeria much of it will come from distributed solar. Financing is what unlocks it.
Then · Oct 2021
Since I invested
- Held for
- 5 years
- Status
- Active
Thesis check since 29 Sep 2026
1 development supports it, 0 challenge it
Checked against the thesis by Jev, an AI model. Can be wrong.
Latest on X
@rivyhq- Rivy@RivyHQ · 6 OctYou don’t have to wait until you’ve paid for the whole solar system before you start enjoying it.
With Rivy, pay 10% upfront, get it installed immediately, then spread the balance over time.
That’s the idea. Power now, pay over time.
https://app.rivy.co000
- Rivy@RivyHQ · 6 OctMeet the team behind your Rivy experience.
Every day, they listen, support and find solutions for our customers — going the extra mile when it matters.
Happy Customer Service week!
#TheExtraMile #CustomerServiceWeek
000 - Rivy@RivyHQ · 6 OctYou don’t have to keep spending heavily on fuel just to keep the lights on.
With Rivy, you can get a complete solar system with just 10% down payment.
Get it installed immediately.
Spread payment over time.
100 - Rivy@RivyHQ · 25 SeptNeed financing to acquire EVs for your fleet?
Rivy can finance electric cars, bikes, and tricycles (keke) for your business with no upfront payment. Get the vehicles you need and repay over time.
110
