Rivy was founded by Dami Olawoye, Chioma Okotcha-Faloughi in 2019.

Who are Rivy's investors?

Rivy's investors include DFS Lab Frontier, Mercy Corps Ventures, Ten13, Velocity Digital, Ventures Platform, All On, DFS Lab, EchoVC Partners.

How much funding has Rivy raised?

Rivy has disclosed $4M raised across 1 of its 2 known rounds.

Where is Rivy headquartered?

Rivy is headquartered in Nigeria, NG.

Rivy

Nigeria, NG · Founded 2019 · 62 employees on LinkedIn · 11 known investors

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Rivy provides financing for solar energy systems to homeowners, businesses, and solar retailers in Nigeria, enabling affordable access to clean energy through fast approvals and flexible repayment terms.

Cleantech Climate Tech Energy Fintech Mobility & Transportation

Founders & leadership

Rivy was founded in 2019 by Dami Olawoye and Chioma Okotcha-Faloughi.

Dami Olawoye Chief Executive OfficerDami Olawoye is CEO of Rivy, which provides financing for solar energy systems to homeowners, businesses, and solar retailers in Nigeria. He has over 20 years of experience in lending and private equity.

Chioma Okotcha-FaloughiChief Operating Officer

Chioma Okotcha FounderFounder at Payhippo

Uche Frank NnadiFounder

Uche NnadiFounder

Zach Bijesse FounderFounder at Payhippo

Investors · 11

DFS Lab Frontierlisted by DFS Lab Frontier

How we know: DFS Lab Frontier's portfolio page · Not right? Tell us

Mercy Corps Ventureslisted by Mercy Corps Ventures

Ten13listed by Ten13Fortitude Valley · $300K – $2M

How we know: the VCSheet dataset · Not right? Tell us

Velocity Digitallisted by Velocity DigitalLagos

Ventures Platformlisted by Ventures PlatformAbuja · $50K – $1M

How we know: Ventures Platform's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

All OnreportedLagos

How we know: disruptafrica.com · Not right? Tell us

DFS LabreportedParis · $50K – $1M

How we know: the VCSheet dataset · Not right? Tell us

EchoVC PartnersreportedLagos · $100K – $5M

How we know: weetracker.com · Not right? Tell us

Also in the syndicate · 3

African Business Angel Network (ABAN)EchoVC EcoShell’s All Onlead

Funding

SEC filings, press & company announcements

$4M disclosed across 1 of 2 rounds · 2025

Undisclosed amountpre-Series AApr 2025
EchoVC (lead), Shell’s All On (lead), African Business Angel Network (ABAN)
Source ↗
$4Mpre-Series AMar 2025 · 4 sources
EchoVC (lead), Shell’s All On (lead), All On, EchoVC Eco
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Founder mafia

3 people who came through Rivy went on to found or lead other companies.

Zach BijesseFounderFounded Payhippo +1 Chioma OkotchaFounderFounded Payhippo Dami OlawoyeChief Executive OfficerFounded Payhippo

Frequently asked questions

What does Rivy do?: Rivy provides financing for solar energy systems to homeowners, businesses, and solar retailers in Nigeria, enabling affordable access to clean energy through fast approvals and flexible repayment terms.
Who founded Rivy?: Rivy was founded by Dami Olawoye, Chioma Okotcha-Faloughi in 2019.
Who are Rivy's investors?: Rivy's investors include DFS Lab Frontier, Mercy Corps Ventures, Ten13, Velocity Digital, Ventures Platform, All On, DFS Lab, EchoVC Partners.
How much funding has Rivy raised?: Rivy has disclosed $4M raised across 1 of its 2 known rounds.
Where is Rivy headquartered?: Rivy is headquartered in Nigeria, NG.