PayHippo – An easy way to borrow loans for your business

Last Updated on Dec 11th, 2023

Do you have a business and need instant loans to keep it running? You are in luck because some digital lending platforms are capable of financing your business. PayHippo is a prominent digital lending platform in Nigeria that provides loans to entrepreneurs so that they can find their businesses. With this platform, you are sure to obtain a loan within 3 hours. It is easy, convenient, and secure. 


An Overview of PayHippo

PayHippo is a technology-powered lending platform. Basically, this digital lender offers loans to small and medium-sized businesses, making it easy for people to finance their businesses.

The platform was founded in 2019 by Chioma Ruky Okotcha, Uche Nnadi, Zach Bijesse. If you apply for a loan on this platform, they guarantee that you will receive it within three hours. 

What products does PayHippo offer?

This digital lending platform primarily offers collateral-free loans to individuals and businesses in Nigeria. Basically, you can get an instant loan of up to N1,000,000 on this platform. Their loan services are subdivided into two products. They include:

1. SMEs

The SMEs product caters to providing loans to small and medium-sized businesses. Basically, this product offers businesses convenient, hassle-free, and collateral-free loans. 

2. Partners

This product enables partners to effortlessly give loans to their customers and get insight into their transaction records. 

How can I register on PayHippo?

To register and commence your journey on this platform, follow these easy steps: 

1. Go to their website and tap the “Get Started” toolbar.

2. Next, choose if you want to register as a small business or partner.

3. Thereafter, input your basic details and submit them.

Alternatively, you can register via their mobile app. All you have to do is download it from Google Play Store or the App Store.

Get a loan up to N100,000 at the best affordable rates in Nigeria

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What documents do I need to register on PayHippo?

Basically, to sign up on this platform, you will need the following details: 

  • First Name 
  • Surname 
  • Email Address 
  • Birth Date 
  • Phone Number 
  • Referral Code (if you have any)

How can I borrow a loan from PayHippo?

To borrow a loan from this digital lending platform, follow these instructions:

1. First, create an account via the mobile app or web platform. 

2. Next, complete your profile. Once you complete your profile and your details have gone through the verification process, you start accessing loans.

3. Lastly, apply for an instant loan on their platform. Ensure that you pay back your loan when it is due.

What is the interest rate on PayHippo?

This platform’s loan offering begins with short-term working capital. The loan duration lasts for 30 days and has a 6% interest rate. Basically, this interest rate is significantly lower than the interest rate charged by other online lenders.

How can I download the PayHippo mobile app?

Here’s how to download this mobile app:

1. Grab your smartphone and go to Google Play Store. If you use an iPhone, visit the App Store on your device. 

2. Next, type “PayHippo” in the search bar and search for the app.

3. Lastly, download the app and create your account.

How can I contact PayHippo?

You can contact this digital lender via the following ways:

Address: 174b Corporation Drive, Dolphin Estate, Ikoyi, Lagos, Nigeria

Phone Number: +2349045969825

Email Address:


Bottom Line

PayHippo is primarily a platform that offers instant loans to small and medium-sized businesses. If you are an entrepreneur and need a loan, you can apply for it on this platform. Just ensure that you pay back when your loan is due.

You can obtain a comprehensive loan, tailored to your specific needs by using this platform. Basically, it allows you to compare loans from different lenders across Africa, ensuring the best option doesn’t slip through  

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