PayHippo, Inc.
PayHippo (operating as Rivy) is a Lagos-based digital lender providing asset financing and clean energy loans to Nigerian micro and small businesses via a mobile app, offering solar finance, EV finance, and microgrid financing products.
- Company typePrivate
- Founded2019
- HeadquartersLagos, Nigeria
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What PayHippo, Inc. does
PayHippo, Inc., operating under the brand Rivy, is a Lagos-headquartered fintech providing digital lending and asset financing to Nigerian micro and small businesses, with a deliberate emphasis on distributed clean-energy assets. Founded in 2019, the company originated as a general SME digital lender and rebranded to Rivy in 2022 alongside a strategic pivot toward financing solar systems, electric vehicles, microgrids, and related energy equipment. Distribution is mobile-first, delivered through native iOS and Android applications supporting fully self-service onboarding and disbursement.
The product portfolio comprises six primary offerings: Solar Finance, EV Finance, Microgrid Financing, Asset Financing, Inventory Financing, and Energystack (an online marketplace for clean-energy equipment), complemented by Energy Certificates that provide verified renewable-energy attestations to borrowers. Underlying these products is a digital credit-assessment and loan-origination engine that handles end-to-end underwriting, disbursement, servicing, and collection. Cumulative platform metrics indicate roughly ₦45 billion disbursed, approximately 39,000 loans approved, around 6,000 active users, and approximately 3,000 tons of CO2 emissions avoided.
PayHippo generates revenue primarily through interest on originated loans, with potential ancillary income from Energystack transactions and Energy Certificate issuance. Its customer base is composed predominantly of micro and SMB owners in Nigeria underserved by commercial banks, reached through mobile self-service origination. The company is backed by Y Combinator, Echo VC, Mercy Corps Ventures, and Allon. Co-founder Zach Bijesse is publicly associated with the company's strategic direction.
PayHippo, Inc. firmographics
Firmographics- Name
- PayHippo, Inc.
- Legal name
- Rivy
- Website
- https://payhippo.ng
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PayHippo (operating as Rivy) is a Lagos-based digital lender providing asset financing and clean energy loans to Nigerian micro and small businesses via a mobile app, offering solar finance, EV finance, and microgrid financing products.
- Ownership category
- akta.pro rank
PayHippo, Inc. industry classification
Industry- Product category
- Clean Energy Financing
- NAICS
- Sales Financing (52222)
- SIC
- Short-Term Business Credit Institutions (6153), Personal Credit Institutions (6141)
- akta.pro primary industry
- Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD)
Keywords
Where PayHippo, Inc. is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices1 record
Markets served
PayHippo, Inc. business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Clean Energy Financing: Provides financing solutions for solar installations, EV purchases, and energy-related equipment. Generates revenue through interest on loans and financing arrangements. Disbursed ₦45B in financing to date.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
PayHippo, Inc. product offering
Product offeringCore offering
PayHippo, Inc. (operating as Rivy) provides AI-driven lending and clean energy financing for SMEs, solar projects, and carbon credit generation. The platform offers financing products for solar installations, electric vehicles, microgrid infrastructure, asset and inventory financing, and energy certificates, accessible through a mobile app and web portal in Nigeria.
Product overview
Rivy (PayHippo, Inc.) is a clean energy financing platform that provides a multi-product portfolio enabling affordable access to solar energy, electric vehicles, and related clean energy infrastructure. The platform offers Solar Finance and EV Finance as core credit products, Energy Certificates (carbon financing) for impact monetization, and an Online Store (Energystack) for purchasing solar equipment. Additional financing products include Asset Financing, Inventory Financing, and Microgrid Financing. The platform also provides a Solar Calculator tool for project cost estimation. The company has disbursed ₦45B, approved 39K loans, and serves 6,000 users on the platform, with operations focused on the Nigerian market.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar Finance Financing solution enabling homes and businesses to transition to solar energy through accessible credit options. Targeted at homeowners and SME business owners seeking affordable solar adoption.
- EV Finance Electric vehicle financing product that provides affordable financing options for purchasing EVs, targeted at individual consumers and businesses unable to pay upfront for electric vehicles.
- Energy Certificates Carbon financing product that allows users to track their clean energy impact and convert it into real income through energy certificates, targeted at individuals and businesses adopting clean energy.
- Online Store (Energystack) E-commerce platform for purchasing high-quality and authentic solar equipment for homes, businesses, or energy projects. Targeted at homeowners, businesses, and solar vendors.
- Asset Financing Asset financing solution for acquiring solar-related assets and equipment, targeted at individuals and businesses seeking to deploy clean energy infrastructure.
- Inventory Financing Financing option for inventory needs related to solar setup and clean energy projects, targeted at solar vendors and installers who need working capital for equipment.
- Microgrid Financing Financing solution for microgrid contractors and owners to deploy microgrid infrastructure in underserved areas, targeted at microgrid contractors.
Quantifiable outcome
- ₦45B disbursed to customers
- +3 more outcomes
Companies that use PayHippo, Inc.
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
PayHippo, Inc. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
PayHippo, Inc. partnerships and signals
Strategic signalScale indicators4 records
Expansion highlights5 records
PayHippo, Inc. competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights5 records
Customer concentration
PayHippo, Inc. social profiles
Digital presencePayHippo, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
PayHippo, Inc. leadership team
Management profileNumber of profiles
Profiles1 record
PayHippo, Inc. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PayHippo, Inc. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PayHippo, Inc.
What does PayHippo, Inc. do?
PayHippo, Inc. (operating as Rivy) provides AI-driven lending and clean energy financing for SMEs, solar projects, and carbon credit generation. The platform offers financing products for solar installations, electric vehicles, microgrid infrastructure, asset and inventory financing, and energy certificates, accessible through a mobile app and web portal in Nigeria.
Is PayHippo, Inc. a public or private company?
PayHippo, Inc. is a private company. It is classified as venture growth investor backed and is currently operating.
When was PayHippo, Inc. founded?
PayHippo, Inc. was founded in 2019. It employs 11 to 50 people.
Where is PayHippo, Inc. based?
PayHippo, Inc. is headquartered in Lagos, Nigeria, in the Africa region.
How does PayHippo, Inc. make money?
One revenue line is on record: clean Energy Financing.
Does PayHippo, Inc. have an API?
No public API is recorded for PayHippo, Inc..
What industry is PayHippo, Inc. in?
PayHippo, Inc.'s product category is Clean Energy Financing. Its primary akta.pro industry code is EUAMAAAD, Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds). Its NAICS code is 52222 and its SIC code is 6153.