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Redtech, a rapidly growing Nigerian fintech company backed by Heirs Holdings, processed over ₦12 trillion (approximately 10 billion US dollars) in payment transactions in 2024. This milestone reinforces the company’s position as a rising force in Africa’s digital payment ecosystem and highlights its potential to attract significant foreign direct investment in the fintech sector.
The announcement was made by Emmanuel Ojo, Chief Executive Officer of Redtech, during his keynote address at the Future of Payment Conference hosted by BusinessDay in Lagos. The event brought together regulators, investors, bank executives, and innovators from across the digital finance space to discuss the future of payments in Africa.
According to Ojo, Redtech’s success reflects the strength of Africa’s rapidly evolving fintech landscape and signals the growing appetite for scalable, secure, and inclusive digital payment solutions. He noted that every transaction processed through Redtech’s infrastructure is not just a data point but a marker of trust and progress, reflecting the movement of value and opportunity across the continent.
At the heart of Redtech’s operations is RedPay, the company’s flagship digital payment platform. RedPay enables businesses and individuals to carry out transactions efficiently and securely. It serves enterprise clients in sectors such as retail, hospitality, energy, insurance, and financial services. The platform offers a comprehensive suite of services, including merchant payment solutions, e-commerce gateways, mobile applications, payment cards, virtual accounts, and a range of value-added features that support modern commerce at scale.
Ojo emphasized that Redtech is not just building for Nigeria but is preparing to scale across Africa. He revealed that the company plans to enter other African markets as part of its strategy to create a more connected and prosperous continent powered by smart financial technology.
“Payments are the foundation of modern economies. In Africa, they hold the key to unlocking inclusive growth and connecting more people to opportunity. At Redtech, every transaction reflects not just technology at work but the promise of a more prosperous and digitally empowered continent,” said Emmanuel Ojo, CEO of Redtech.
This expansion is expected to further strengthen the company’s appeal to international investors who are looking for high-growth fintech opportunities on the continent.
Redtech is positioning itself as an African fintech leader by combining deep local expertise with global standards. Its affiliation with Heirs Holdings, a pan-African investment company operating in 24 countries, enhances its credibility and operational capacity. This backing provides the foundation for Redtech to scale quickly while maintaining resilience and regulatory alignment.
With an expanding footprint and a clear commitment to innovation, Redtech continues to attract attention from venture capital firms, private equity players, and strategic partners interested in Africa’s fintech story. The company’s ability to process high transaction volumes and its ambition to lead the next wave of digital payment innovation make it a strong candidate for foreign direct investment targeting technology-driven growth sectors in emerging markets.
Redtech’s trajectory illustrates the broader narrative of Africa’s digital transformation. It stands as an example of how local fintech companies are not only solving domestic challenges but also creating solutions that can scale across borders and drive inclusive economic growth.
About Redtech
Redtech is a Nigerian financial technology company focused on delivering reliable, secure, and scalable digital payment solutions for individuals and businesses. Its flagship platform, RedPay, supports seamless financial transactions through services including merchant payments, e-commerce gateways, virtual accounts, payment cards, and mobile apps. As a portfolio company of Heirs Holdings, Redtech operates with a Pan-African vision, delivering technology-driven financial services designed to power sustainable prosperity across the continent.
