Rivy, formerly known as Payhippo, has secured $4 million in a pre-Series A funding round to expand its clean energy financing services. The funding, co-led by EchoVC and Shell’s All On, consists of $2 million in debt and $2 million in equity.
Amount Raised
$4 Million
Round Type
Pre-Series A
LekkiEnergyRenewable EnergySolarInvestors
Description
Rivy has completed a rebranding from Payhippo and raised $4 million to develop its clean energy financing solutions. The funding is evenly split between debt and equity, enabling the company to expand beyond Nigeria. EchoVC co-led the equity round with support from Shell’s All On. Rivy aims to connect solar vendors with businesses needing financing for solar systems.
Quick answer
Rivy raised $4 Million in a Pre-Series A round, dated March 26, 2025. Investors: Shell’s All On and EchoVC. Rivy is based in Lekki, Lagos, Nigeria.
- How much did Rivy raise?
- Rivy raised $4 Million in a Pre-Series A round on March 26, 2025.
- Who invested in Rivy?
- Shell’s All On and EchoVC are named as investors in this round.
- What does Rivy do?
- Rivy, formerly Payhippo, is a Nigerian fintech company that focuses on clean energy financing solutions for businesses.
- Where is Rivy based and how big is it?
- Rivy is based in Lekki, Lagos, Nigeria. Fundz records about 51 employees.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as Rivy that raised within 45 days of this round, from Fundz verified event records.
- Arysun raised $575K (Pre-Seed) on May 7, 2025.
- Jupiter International raised $58M on April 15, 2025.
- Mainspring Energy raised $258M (Series F) on April 14, 2025.
- Aerem Solutions raised $1.5M (Series A) on April 4, 2025.
- Aetherflux raised $50M (Series A) on April 2, 2025.
- Novac raised $3.8M (Seed) on March 25, 2025.
Who to call at Rivy, and when
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- An alert the day Rivy raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Rivy, from your own LinkedIn network
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Rivy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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