Rivy

Rivy

Rivy positions itself as a climate finance company constructing financial infrastructure for distributed clean energy in Nigeria. Founded by CEO Dami Olawoye and COO Chioma Okotcha-Faloughi, the firm originates, underwrites, and services loans that let micro-grid contractors, small businesses, and households acquire solar equipment without upfront capital. The founding premise is that solar adoption in Africa's largest economy is gated not by technology but by point-of-sale credit — a gap Rivy fills with its own balance sheet. Rivy's product stack spans inventory finance for solar vendors, asset finance for end-users, and a marketplace called EnergyStack that sells hardware. The firm also issues energy certificates, allowing borrowers to monetize verified emissions reductions. Geographic focus is currently Nigeria, with testimonials citing users in Aba, Calabar, Kaduna, Benin City, and Owerri. As of the latest disclosed reporting period, Rivy had approved 37,000 loans for 6,000 platform users, avoided roughly 3,000 tons of CO₂, and recorded ₦38 billion in cumulative disbursements. Team size and outside capital raised remain undisclosed. The leadership duo — Olawoye as CEO and Okotcha-Faloughi as COO — is named on the firm's website; no further organizational detail is published. Rivy lists a set of unnamed "forward-thinking partners" but does not identify specific financial backers, co-investors, or debt providers. The firm does not publish a recent operational event within the last 24 months beyond its aggregate disbursement milestone. Rivy's structural differentiator is its combination of an on-balance-sheet micro-loan book with an integrated equipment marketplace and a carbon-credit program. This vertical stack lets the firm capture hardware margin, interest income, and environmental-attribute revenue from the same transaction — a bundle that generic pay-as-you-go solar distributors or standalone fintech lenders rarely combine inside a single regulated entity in Nigeria.