Payhippo Secures $4M Series A to Supercharge Nigeria’s Clean Energy Revolution

Payhippo (YC 21) is thrilled to announce that we have successfully raised $4,000,000 in our latest funding round, a milestone that marks another significant step in our journey towards enabling a clean energy transition in Nigeria. This financial boost is a testament to the confidence our investors have in our innovative approach to providing seamless finance solutions. At Payhippo, we empower end-users, installers, and operators of clean energy equipment by leveraging our proprietary AI technology for efficient credit scoring and loan underwriting. Since our inception, we have disbursed over 38,000 loans, transforming the clean energy landscape through our trustworthy and accessible financial products. The raised funds will accelerate our mission, enabling us to not only expand our loan portfolio but also invest in the next phase of technological innovation. A portion of the investment is earmarked for scaling our operations, further enhancing the AI-driven credit model that has become the cornerstone of our service. In addition, we will be using part of the funding to continue building our groundbreaking carbon credit aggregation platform. This platform is designed to catalyse Africa’s carbon credit market by streamlining transactions and providing robust financial support to emerging green initiatives across the continent. At Payhippo, we believe that sustainable energy solutions are the future, and the $4,000,000 raised is a catalyst that will help us drive environmental progress and economic growth simultaneously. We invite everyone interested in our journey or looking to learn more about our innovative work to visit our website at www.payhippo.ng for further information.