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RedCloud at GITEX Dubai: Setting Sights on Saudi Launch, with AI Solution to $2Tn Problem
Globenewswire· 2025-10-14 12:30
Core Insights - RedCloud Holdings plc is advancing towards the launch of RedCloud Arabia, with participation in GITEX 2025 in Dubai [1][3] - The company aims to address a $2 trillion global inventory gap affecting the $14.6 trillion FMCG industry, which leads to inefficiencies and higher prices for consumers [2][4] - RedCloud's platform has shown significant growth, with a reported revenue of $46.5 million in 2024, representing a 135% year-over-year increase [6] Company Developments - RedCloud's CEO Justin Floyd and joint venture partner Majid Alghaslan are attending GITEX 2025 to meet potential partners and sponsors [3][5] - The company has expanded its active retailer base to 68,089 customers, a 110% year-over-year increase, and its distributor network to 1,017 active customers, a 136% year-over-year increase [6] - RedCloud Arabia will be jointly owned with Kayanat and is set to launch operations in Q4 2025, focusing on deploying the RedAI trading platform [11] Market Position - The Middle East FMCG market is projected to trade $568 billion in 2025, aligning with RedCloud's mission to modernize supply chains in the region [4][11] - The platform processed a Total Transaction Value (TTV) of $2.5 billion, indicating strong customer growth momentum [5][6] - RedCloud completed a $20 million IPO on Nasdaq in March 2025, with analysts maintaining a "Strong Buy" rating and a price target of $5.00, suggesting a potential upside of 150-180% [8]
RedCloud Wraps Up Successful Roadshow, Gains Updated Analyst Coverage
Globenewswire· 2025-10-07 16:00
Core Insights - RedCloud Holdings plc is leveraging AI algorithms to transform trade in the global FMCG market, which is projected to grow from $14.6 trillion today to $19.7 trillion by 2033 [2] - The company aims to address a $2 trillion inventory gap caused by a lack of digital connectivity and market intelligence across supply chains, which affects consumer prices and availability of goods [2][4] - RedCloud's recent non-deal roadshow focused on building relationships with investors and partners, showcasing its innovative approach and recent growth, including a doubling of customer numbers year-over-year in the first half of 2025 [4] Company Overview - RedCloud operates the RedAI trading platform, which facilitates intelligent digital exchanges of FMCG products across supply chains, aiming to unlock access to key purchase and sales data [6][7] - The platform empowers retailers with AI-driven market insights to enhance B2B purchasing and inventory decisions, addressing complex purchasing behaviors [7] Strategic Initiatives - The company is pursuing a joint venture in Saudi Arabia to expand its market presence and enhance business performance across domestic supply chains [4][5] - RedCloud is focusing on a new partnership strategy for payments and financial services to streamline trade and maximize working capital in FMCG supply chains [4]