–Backed by Heirs Holdings, Redtech’s RedPay platform is scaling across Nigeria, with planned expansion into 29 African countries .
Lagos, Nigeria. 4th, February 2025 – Redtech, a technology company backed by Heirs Holdings, today announced it processed $20.6 billion (₦30 trillion) in total transactions over the 2025 financial year.
This is over 100% year-on-year growth from ₦12 trillion in 2024, placing the company among the highest-volume processors in Nigeria. The milestone was driven by strong growth across its payment platform, RedPay – including POS network, merchant collections, and digital payment channels.
Redtech helps businesses move money at scale through secure, reliable, and scalable systems that reduce payment failures, downtime, and reconciliation failures while meeting the compliance needs of enterprises and regulated sectors. The milestone marks a decisive shift from capability building to operating at national scale, reflecting sustained trust in Redtech’s infrastructure under high-volume conditions, alongside consistent adoption across sectors.
Redtech attributes this growth to early investment in resilient payments infrastructure and continuous product development grounded in real business needs. The payment stack supports high transaction concurrency, automated failover, and real-time settlement at scale, with redundant backend systems built to protect uptime during peak periods. Compliance and reliability also act as growth enablers, supported by regulatory alignment, relevant certifications, and risk controls that reduce friction for large enterprises and regulated industries.
Continuous performance monitoring and data-driven optimisation have helped ensure growth does not outpace platform reliability. That operational rigour has supported partnerships and distribution at scale, including deeper integrations across banking and enterprise networks – expanding Redtech’s reach while maintaining performance consistency and platform control, and supporting merchant acquisition without compromising service quality.
Transaction volumes have been driven by a mix of SMEs, enterprise customers, and financial institutions across retail, hospitality, insurance, energy, public-sector-linked services, and banking. That breadth highlights Redtech’s ability to support complex transaction flows, including batch processing, reconciliations, and always-on uptime across different sectors.
Emmanuel Ojo, CEO of Redtech, said, “This milestone reflects trust from businesses that rely on us to collect and move money at scale, and from partners who expect reliability every single day. We have built Redtech around durability, strong governance, and regularity alignment, so SMEs, enterprises, and regulated clients can grow on our rails without worrying about downtime or friction. With that foundation in place, we are ready to take this approach into more African markets.”
Looking ahead, Redtech plans to expand beyond Nigeria into 29 African countries by January 2027, building towards an Africa-wide payments capability that can support businesses operating across borders, sectors, and payment types.
Founded in 2020, Redtech builds secure, reliable, and scalable technology across two core pillars – RedPay, its suite of payment solutions for businesses and consumers, and SITCOM, its integrated energy technology solutions for upstream oil and gas operators.
Redtech is a technology company building secure, reliable, and scalable systems that power prosperity for businesses across Africa. Our business spans two pillars: RedPay® , a modern suite of payment solutions for businesses and consumers; and SITCOM®, our integrated energy-technology solutions for upstream oil & gas operators.
RedPay helps merchants and institutions accept and manage payments anywhere, with POS and mPOS terminals, e-commerce payment gateways, card issuing, mobile apps, virtual accounts, and value-added services, delivering fast, seamless transactions and actionable insights.
SITCOM connects field instrumentation, telemetry, and real-time analytics to improve asset surveillance, enhance production monitoring, reduce downtime, and drive operational efficiency across upstream operations.
Redtech is an investee company and member of the Heirs Holdings Group, operating with a pan-African vision and global standards, engineering technology that drives economic growth across sectors and borders.
