Payhippo Analysis
What is Payhippo?
Rivy is a climate finance company that provides lending for solar equipment, clean energy inventory, and microgrid projects. The company says it is building financial infrastructure to make clean energy easier to afford and faster to access. Its public materials link the current brand to the former Payhippo name and report ₦38 billion in disbursements, 37,000 approved loans, and 6,000 platform users.
Location
174B Corporation Drive, Dolphin Estate, Ikoyi, Lagos, Nigeria
Employees
11-50
Founded
2019
Revenue
$12.7M
YC Batch
S21
Product Features & Capabilities
- Sports betting, casino games, live betting, jackpot, multi-bet builder, mobile apps, M-Pesa deposits and withdrawals, welcome bonus, daily jackpot, cashback on multi-bets, free bet promotions.
Who are the founders of Payhippo
Competitors Overview
Payhippo operates in a competitive market for sports betting and casino games in Kenya. Its main competitors include:
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22Bet: Known for offering high odds and a wide range of betting options, 22Bet is a popular choice among Kenyan bettors. It also provides a user-friendly mobile app, which enhances the betting experience.
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Betwinner: This platform is recognized for its extensive sports coverage and attractive bonuses for new users. Betwinner's mobile app is highly rated, making it convenient for users to place bets on the go.
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Mozzart Bet: Mozzart Bet has established a strong presence in Kenya, offering various promotions and a loyalty program for existing customers. Its focus on customer service and user engagement sets it apart.
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Bet365: A globally recognized brand, Bet365 offers a comprehensive betting experience with live betting options and a wide array of sports. Its reputation for reliability and security is a significant advantage.
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1xBet: This site is known for its diverse betting markets and competitive odds. It also offers a variety of payment methods, catering to different user preferences.
Notable differences and advantages of these competitors include superior mobile applications, extensive promotional offers, and established reputations in the betting industry, which may attract users away from Payhippo.
Market Focus
Payhippo primarily focuses on the sports betting and casino gaming industry, offering services such as slots and live dealer options, mainly targeting the Kenyan market.
Business Model
Fintech platform providing loans, earning revenue through interest on loans to SMEs.
Investors
- Five Two Five
- Silverbacks Holdings
- Aidi Ventures
- Beta Ventures
- Century Oak Ventures
- Y Combinator
- Hustle Fund
- HealthCap
- Prodigio Capital
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