Rivy (Formerly Payhippo)
Rivy (formerly Payhippo) uses AI-driven underwriting to finance renewable energy. Its products are inventory finance for solar vendors, asset finance for homes and SMEs, micro-grid finance and carbon finance, and it runs a marketplace of 250+ vetted solar vendors and installers. Founded in 2019 as an SME lender, it pivoted to clean energy in 2023 and rebranded as Rivy in March 2025 alongside a $4M pre-Series A round ($2M equity co-led by EchoVC and Shell's All On, plus $2M debt). It disbursed about $2M in loans in 2024 with an NPL ratio under 1%.
Funding
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