Payhippo YC Application

Summer 2021Active

Payhippo went through Y Combinator in the Summer 2021 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2021
Industry: FintechCredit and Lending
Team size: 11
Status: Active
Launched: 2021

Founders

Zach BijesseFounder
Chioma OkotchaFounder

What Payhippo does

Payhippo provides loans to small businesses in Africa in under 3 hours. We made $42k in revenue in Nigeria in July 2021, growing 25% m/m with a 97% repayment rate.

Payhippo's YC application, reconstructed

Y Combinator application

Payhippo, Summer 2021 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Payhippo

Describe what your company does in 50 characters or less.

Loans to Nigeria's SMEs in under 3 hours

What is your company going to make? Please describe your product and what it does or will do.

We provide small businesses in Nigeria loans that they can apply for and receive approval in under 3 hours. Our product uses data to assess credit risk quickly and deliver short-term financing to SMEs who otherwise struggle to get loans from traditional banks.

Where do you live now, and where would the company be based after YC?

We live and operate mainly in Lagos, Nigeria, but also have remote team members. After YC, we plan to keep the company based in Lagos with some remote operations.

Explain your decision regarding location.

We are based in Lagos because that is where Nigeria's biggest concentration of SMEs is, and where the need for rapid, accessible loans is highest. It's critical to operate close to our users' contexts and banking systems.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real Payhippo YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Payhippo's public data (launch notes, founder backgrounds, product description). It shows how a company like Payhippo would present itself to YC, not the text they submitted.