Fast-growing Nigerian fintech Redtech, backed by Heirs Holdings, processed over ₦12 trillion ($10 billion) in transactions in 2024 through its flagship Redtech payment platform, signaling rapid growth in Africa’s digital payments ecosystem.
The milestone was revealed by Redtech CEO, Emmanuel Ojo, during his keynote at the Future of Payment Conference by BusinessDay, held in Lagos. The conference brought together regulators, banks, fintech innovators, and investors to shape the future of financial technology in Africa.
RedPay is powering Africa’s digital economy
Redtech’s all-in-one payment platform, RedPay, is increasingly becoming the backbone for high-volume, seamless transactions across sectors including:
- Hospitality
- Power and energy
- Retail
- Insurance
- Financial services
RedPay offers a wide range of tools and services, including:
- Merchant Payment Solutions
- Payment Cards
- E-commerce Gateways
- Mobile Apps
- Virtual Account Services
- Value-Added Services
These solutions help businesses manage and scale digital payments securely and efficiently, while enabling financial institutions to expand their retail payment capabilities.
Vision for a connected Africa
Speaking on the achievement, Emmanuel Ojo said:
“Every transaction processed through our systems reflects trust, our drive for transformation, and signals economic momentum… We’re building with the purpose of driving a more connected, more prosperous Africa.”
Redtech also announced its plans to expand beyond Nigeria, helping businesses across the continent scale using integrated payment technology.
About Redtech
Redtech is a fintech company focused on delivering secure, scalable, and innovative payment solutions for Africa. As an investee company of Heirs Holdings, which operates across 24 countries and four continents, Redtech is leveraging global standards to power pan-African prosperity.