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RedCloud CEO Declares the Decline of Systems of Record as It Validates R.A.I.D. AI Engine Built for Modern Global Trade
Globenewswire· 2026-03-23 13:15
R.A.I.D. (Realtime AI for Distribution) outperforms industry benchmarks for accuracy on 3.7 million live FMCG transactions, redefining decision making in volatile global marketsLondon, UK, March 23, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (NASDAQ: RCT) ("RedCloud" or the "Company"), the technology company building AI infrastructure for global trade today declared that the era of traditional ERP systems faces a steep decline in relevance, alongside validating R.A.I.D. (Realtime AI for Distribution), i ...
RedCloud Surpasses 100,000 Customers, Activates Agentic AI Layer Across Global Trade Network
Globenewswire· 2026-03-03 14:40
LONDON, March 03, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (NASDAQ: RCT) ("RedCloud" or the "Company"), the technology company building intelligent infrastructure for global trade, today announced it has surpassed 100,000 customers globally, including retailers, wholesalers and distributors. This marks a significant scale milestone as the Company accelerates deployment of its agentic AI infrastructure across global trade markets. The achievement reflects the accelerating adoption of RedCloud’s infrast ...
RedCloud Beats Guidance with $53.7M Record Revenue, Raises 2026 Guidance 20% to $120M
Globenewswire· 2026-01-14 13:30
Core Insights - RedCloud Holdings plc announced record preliminary full-year 2025 results, with revenue reaching $53.7 million, exceeding previous guidance and reflecting a 15% year-over-year growth [2][3] - The company raised its 2026 revenue guidance by 20% to $120 million, driven by continued execution and expanding joint venture deployments [2][4] Financial Performance - Preliminary full-year 2025 revenue of $53.7 million surpassed management's guidance of $51–$53 million [2][3] - Total transaction value for 2025 grew by 31% to $3.2 billion, with cumulative platform trades amounting to $6.9 billion [3] Strategic and Operational Highlights - RedCloud operates six hubs serving nearly 67,000 businesses across Nigeria, South Africa, Brazil, Argentina, Saudi Arabia, and Türkiye by Q1 2026 [5] - The company is a member of NVIDIA Connect, enhancing its AI capabilities for demand forecasting, dynamic pricing, and inventory optimization [5] - The launch of RedAI's agentic trading capabilities is scheduled for February 2026, aimed at automating trading decisions [5] Market Context - The FMCG industry, valued at $14.6 trillion, still relies heavily on traditional methods like spreadsheets and phone calls, presenting a significant opportunity for RedCloud's algorithmic trading solutions [4][11] - RedCloud aims to address inefficiencies in global supply chains, which lose approximately $2 trillion annually [5]
RedCloud Releases Earnings, Sets $100m Revenue Target After $50m Türkiye Deal, as AI Infrastructure Scales
Globenewswire· 2025-12-11 13:15
Core Insights - RedCloud Holdings plc reported a 28% year-over-year growth in Total Transaction Value (TTV) for H1 2025, reaching $1.2 billion, and a 12% increase in revenue to $17.9 million [1][6] - The company anticipates full-year revenue between $51 million and $53 million for 2025, with a target of $100 million for 2026 [2][7] Financial Highlights - Revenue for H1 2025 was $17.9 million, up 12% year-over-year [6] - Total Transaction Value reached $1.2 billion, reflecting a 28% increase year-over-year [6] - Cumulative trades amounted to $5.1 billion, contributing to AI training [6] - Total liabilities decreased significantly to $21.4 million from $86.3 million [6] Strategic Highlights - RedCloud signed an infrastructure license in Turkey, expected to generate up to $5 million annually in license fees, with a minimum 10-year term and a 50% revenue share on transactional revenue [6] - The company launched a joint venture in Saudi Arabia, entering the $60 billion FMCG market, aligned with Vision 2030 [6] - RedCloud joined NVIDIA's partner program to enhance AI-native infrastructure development [6] Balance Sheet Strengthening - $66.9 million of shareholder loans were converted to equity, and all $22.6 million of convertible debt was eliminated [6] - An additional $13.5 million in equity was raised in July, along with $3.1 million from option exercises [6] - A new £2 million revolving credit facility was secured [6]
RedCloud Joins Nvidia Connect To Tackle Trillion-Dollar Trade Challenge
Yahoo Finance· 2025-09-24 16:47
Core Insights - RedCloud Holdings Plc has joined the Nvidia Connect program to develop a new operating system for global trade, enhancing its product development capabilities [1][5] - The collaboration aims to address a $2 trillion inventory gap in the $14.6 trillion fast-moving consumer goods (FMCG) sector, which is seen as a barrier to supply chain growth [2][3] Company Developments - The partnership will enhance RedCloud's RedAI platform, the Red101 retailer app, and the TradeX bulk trading service, while also facilitating the launch of new AI-driven products [3] - Recent updates include a more than doubling of customer numbers in the first half of 2025, the establishment of a joint venture in Saudi Arabia, and a strategy for payments and financial services to streamline trade and improve working capital [4] Market Reaction - Following the announcement, RedCloud's shares increased by 28.38%, reaching $1.31 [5]