Rivy
Rivy is a Nigerian clean-energy financing startup providing asset-backed loans for solar and renewable energy equipment to SMEs in Nigeria.
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Country
Nigeria
Sector
Cleantech
Stage
Seed
Founded
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Accelerator
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Raising
Not Raising
About Rivy
Rivy, formerly PayHippo, is a Nigerian clean-energy financing startup that provides asset-backed loans for solar and renewable energy equipment. Targeting small and medium-sized enterprises (SMEs) in Nigeria, Rivy helps businesses access crucial funding to adopt renewable energy solutions. The company pivoted from general SME lending to focus specifically on the growing clean energy sector, addressing the significant need for sustainable power in the region. Its distinct approach lies in offering asset-backed financing, making clean energy more accessible to a broader range of businesses.
Funding Rounds
| Year | Round | Amount | Investors |
|---|---|---|---|
| No funding rounds recorded. | |||