Payhippo
What it does
Payhippo was founded in 2019 by Zach Bijesse, Chioma Okotcha, and Uche Nnadi as an SME lending platform providing loans to small businesses in Africa within 3 hours. In March 2025, the company rebranded to Rivy and raised a $4M pre-Series A round to pivot into clean energy financing. The company has raised approximately $4M in total funding.
SME / business lending
Known for
- SME lending in Nigeria
- Rebranded to Rivy for clean energy financing
- Pre-Series A funded
Model & industry
SaaSEmbedded FinanceAll / Cross-industry
Funding history
$4.0M
Total raised
1
Rounds
Pre-Series A
Latest stage
2025
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2025-03 | Pre-Series A | $4.0M | EchoVC |
Source: Condia Funding Tracker
Products & subsidiaries
Rivy (formerly Payhippo) · Lending Platform
In the News
- 2025-03-27 · Nigerian fintech Payhippo raises US$4m in pre-Series A funding, rebrands to Rivy · Disrupt Africa
- 2025-03-28 · Nigerian Fintech Payhippo Rebrands As Rivy And Raises $4 Million · People of Color in Tech