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nigerias payhippo secures 4 million funding and rebrands as rivy

Nigerian startup Payhippo has raised US$4 million in pre-Series A funding and rebranded to Rivy, focusing on AI-powered lending for Africa’s renewable energy sector. Since pivoting in 2023, Rivy has disbursed over US$2 million in clean energy loans, aiming to enhance access to solar power in underserved communities. The funding will support Rivy's growth and partnerships, addressing the critical need for clean energy in a region where over 600 million people lack reliable electricity.
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