The Nigerian fintech Payhippo, which previously provided SME loans, has rebranded to RIVY and raised $4 million in a pre-Series A funding round to focus on increasing clean energy financing in the continent. The funding was split between $2 million equity and $2 million debt. The seed round was co-led by EchoVC, a Nigerian venture capital (VC) firm through its $2.5 million Eco fund, which focuses on climate, energy, agriculture, and mobility solutions, and Shell’s All On, a climate-focused impact investment organization. Local debt providers supplied the debt. “Renewable energy is