Payhippo is a digital financial platform in Nigeria that offers fast, flexible loan products for purchasing or stocking clean‑energy equipment, including inventory financing for vendors, asset financing for homes and businesses, and carbon financing that turns renewable generation into tradable credits. Through its Rivy app and EnergyStack marketplace, users can apply for loans, receive funds within hours, and source verified solar panels, inverters, batteries, and bundles, enabling affordable adoption of solar solutions and additional revenue from carbon credits.
Funding
$4.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
HSMMFounders
Product
Problem
Many individuals and businesses in Nigeria lack affordable, quick-access financing options to purchase or stock clean energy equipment, limiting the adoption of solar solutions and the ability to monetize generated renewable energy.
Solution
Payhippo provides a digital financial platform that connects clean‑energy consumers and vendors with fast, flexible loan products and a marketplace for verified solar equipment. Through the Rivy app, users can apply for inventory financing to keep vendor stock full, asset financing to buy solar systems for homes or businesses, and carbon‑financing to turn verified clean‑energy generation into tradable carbon credits. Approved loans are disbursed within hours, and repayment terms range from six to twelve months, reducing upfront cost barriers. An integrated online store, EnergyStack, offers authentic solar panels, inverters, batteries, and complete bundles, ensuring reliable product sourcing. The platform also tracks generation, converts impact into certificates, and facilitates sales on voluntary carbon markets, creating an additional revenue stream for owners of solar installations.
Target Audience
Primary customers are solar equipment vendors, residential and commercial property owners, and small‑to‑medium energy developers in Nigeria seeking financing, reliable product sourcing, or revenue from renewable energy generation.
Features
- Inventory Finance: up to 6‑month repayment, same‑day offer, loan disbursement within 12 hours for vendors stocking panels, inverters, batteries, and accessories
- Asset Finance: up to 12‑month repayment, 30‑minute eligibility check, loan funded within 12 hours for residential or commercial solar system purchases
- Carbon Financing: automated tracking of clean‑energy generation, conversion into Carbon Credits or Renewable Energy Certificates, and marketplace integration for selling credits in stable currency
- EnergyStack marketplace: curated catalog of authentic solar equipment, pre‑packaged bundles, and accessories with direct purchase through the Rivy platform
- End‑to‑end digital workflow: application, approval, and loan monitoring all handled in the Rivy app, eliminating the need for traditional bank visits
- Real‑time application tracking and transparent loan terms displayed within the app