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RedCloud Holdings (RCT) has announced a strategic partnership with Paystack, a Stripe company, marking the first in a series of digital payment partnerships. The collaboration expands RedCloud's RedPay payments proposition in Nigeria, offering businesses multiple payment methods including direct bank transfers and OPay wallets.
The initiative aims to address the $2 trillion inventory gap caused by digital payment friction in the supply chain. This partnership follows the GENIUS Act legislation on stablecoins and represents RedCloud's broader strategy to enhance payment flexibility across its markets, with more partnerships expected in the coming months.
RedCloud Holdings (RCT) has secured a $13.5 million private placement through a securities purchase agreement with institutional and accredited investors. The deal includes issuing 9 million ordinary shares at $1.50 per share, accompanied by warrants to purchase 18 million additional shares.
Notably, the Company's largest shareholder and a director are contributing $7.5 million to the placement. The warrants, exercisable immediately at $1.50 per share, will expire in five years. The placement, managed by Roth Capital Partners with Clear Street as financial advisor, is expected to close around July 7, 2025.
RedCloud (RCT) has launched TradeX, an innovative bulk trading program designed to address the $2 trillion inventory gap in FMCG (Fast-Moving Consumer Goods) supply chains across emerging markets. The program utilizes RedAI trading data to facilitate phone and WhatsApp-based trading between buyers and sellers.
Successfully piloted in Nigeria since early 2025, TradeX is now operational in four major markets: Nigeria, Brazil, South Africa, and Argentina. The platform generates revenue through transaction fees on each order placed, while preserving traditional trading relationships and transitioning them to digital formats.
RedCloud Holdings (RCT) reported strong financial results for FY 2024, with revenue surging 135% YoY to $46.5 million and Total Transaction Value (TTV) growing 111% to $2.5 billion. The company's average Transaction Based Revenue improved to 1.9% from 1.7%.
The trading platform demonstrated significant business growth with 184,731 products from 6,765 brands being traded, serving 33,786 retailers. Brand & Distributor customers increased 175% YoY to 760. RedCloud also launched several AI-powered features, including AI Labs for trading recommendations, virtual trader technology, Red101 Smart Assistant, Retail Opportunity Maps, and Category Price Benchmarking.
RedCloud Holdings has unveiled its new Red101 agentic AI technology and additional tools aimed at revolutionizing supply chain management in emerging markets. The company addresses a $2 trillion inventory gap in Fast Moving Consumer Goods (FMCG) supply chains where consumer demand exceeds product availability.
The launch includes three key innovations:
- Red101 Smart Assistant: An AI-powered chat agent helping retailers optimize shelf stocking based on product availability, supplier options, and regional trends
- RedInsights Retail Opportunity Maps: Interactive visualization tools for identifying growth opportunities and market coverage
- RedInsights Category Price Benchmarking: A live pricing analysis dashboard enabling real-time price optimization for distributors
These tools leverage first-party data from the RedAI platform to improve supply chain transparency, accelerate inventory management, and drive profitable growth for customers in the global trading ecosystem.
RedCloud Holdings has successfully completed its Initial Public Offering (IPO), raising approximately $20 million in gross proceeds. The company offered 4,444,445 ordinary shares at $4.50 per share, with trading commencing on the Nasdaq Capital Market under the ticker symbol 'RCT' on March 21, 2025.
The underwriters have a 30-day option to purchase up to an additional 666,666 ordinary shares to cover over-allotments. Roth Capital Partners and Clear Street served as active joint book-running managers, with Rosenblatt Securities as passive book-running manager and The Benchmark Company as co-manager.
RedCloud Holdings has announced the pricing of its Initial Public Offering (IPO) of 4,444,445 ordinary shares at $4.50 per share. The company expects to raise approximately $20 million in gross proceeds before deducting underwriting discounts and offering expenses.
The ordinary shares are set to begin trading on the Nasdaq Capital Market under the ticker symbol 'RCT' on March 21, 2025. The offering is expected to close on March 24, 2025. RedCloud has granted underwriters a 30-day option to purchase up to an additional 666,666 ordinary shares to cover over-allotments.
The IPO is being managed by Roth Capital Partners and Clear Street as active joint book-running managers, with Rosenblatt Securities Inc. as passive book-running manager and The Benchmark Company as co-manager.
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