Acquisition
Nov 2022Payhippo announced the acquisition of Maritime Microfinance Bank, but the deal was still subject to Central Bank of Nigeria approval at the time of publication.
SourceLoans to Nigeria's SMEs in under 3 hours
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
Rivy (formerly Payhippo) is a Lagos-based fintech founded in 2019 that pivoted from SME lending to clean-energy finance. It now provides solar, EV, inventory, microgrid, and carbon/REC financing plus an online marketplace for verified clean-energy equipment.
Primary product
Clean-energy financing platform for solar, EV, inventory, microgrid, and carbon/REC finance
Founded
2019
Headquarters
Lagos, Nigeria
Team size
40-50
Work style
Hybrid
Industry
Financial Services
Sub-industry
Climate finance / clean-energy lending
Offices
174B Corporation Drive, Dolphin Estate, Ikoyi, Lagos, Nigeria
Lekki, Lagos, Nigeria
Business model
asset financing
inventory financing
direct lending
marketplace
carbon finance
EV financing
Funding
Stage
Pre-Series A
Total raised
$8M
Latest round
Pre-Series A · Mar 2025
Latest amount
$4M
Mar 2025 · All On and EchoVC Eco
Nov 2021 · Angel syndicate including Ham Serunjogi, Maijid Moujaled, Olugbenga Agboola, Bolaji Balogun, and Hakeem Belo-Osagie
Jul 2021 · Ventures Platform, Future Africa, Launch Africa
Dec 2020
People & investors
Founders
Co-Founder & CTO
Work & culture
Purpose-driven, collaborative, and accountability-oriented, with emphasis on ownership, results, and continuous learning.
Work style
Hybrid
Compensation
Public job posts mention competitive pay and staff benefits, but no salary bands or explicit visa/compensation policy were found.
Benefits
competitive pay
staff benefits
professional development opportunities
training opportunities
dynamic and engaging work environment
purpose-driven mission
Product & market
Pricing
Deposit-plus-interest financing with term-based repayment; some solar offers show selectable deposits and flexible credit, while EnergyStack also supports outright purchase.
Differentiators
- —proprietary credit engine / AI-driven underwriting
- —dual marketplace connecting verified solar vendors and installers with buyers
- —asset, inventory, carbon, microgrid, and EV financing under one platform
- —fast approvals and mobile-app repayment flows
- —verified OEM equipment and EnergyStack storefront
- —carbon/REC monetization for solar asset owners
Technology
microservices
Google BigQuery
Google Maps
Figma
Canva
Elasticsearch
Kibana
Docker
PostgreSQL
Python
Intercom
Flutter
Smartlook
Medium
Customers
business owners
households
homeowners
SMEs
solar vendors
solar installers
micro-grid contractors
clean-energy buyers
Competitors
SunFi
Earthbond
Sun King
Paystack
iwoca
Even.com
Scale & contact
Signals & risks
Latest news
BusinessDay · Mar 2026
BusinessDay reported Rivy’s role in facilitating Solad’s first I-REC sale in Nigeria, supporting the broader carbon-finance and energy-certificate strategy.
The Business Times · Feb 2026
The Business Times reported a Casava-Rivy partnership to insure clean-energy assets for SMEs, adding a risk-protection layer to Rivy’s financing stack.
TechCabal · Oct 2025
TechCabal covered Rivy’s carbon-finance platform, including its work registering solar minigrids for RECs and creating an income stream for asset owners through carbon markets.
TechCabal · Aug 2025
TechCabal reported Rivy’s launch of EnergyStack, a storefront for verified solar equipment. The article described the expansion from pure financing into a broader clean-tech marketplace with financing plus direct product access.
TechCabal · Mar 2025
Rivy announced its rebrand from Payhippo and a $4M pre-Series A round split between debt and equity. The story also confirmed the pivot to clean-energy financing, the role of All On and EchoVC Eco, and the move to a dual marketplace model for solar vendors/installers.
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