LONDON and LAGOS - RedCloud Holdings plc (NASDAQ:RCT) announced today the signing of a beverage manufacturer in Nigeria for a three-month commercial engagement to deploy its RedAI infrastructure across Lagos.
The agreement, disclosed in a press release statement, involves one of Nigeria’s largest producers and distributors of carbonated soft drinks. The deployment will start with 2,500 consenting participants and includes a tier-upgrade structure that could scale to up to 100,000 retailers.
RedCloud will deploy its RAID (Realtime AI for Distribution) engine and field activation network across Lagos State to identify retail opportunities and deliver data and intelligence to the customer through the RedAI infrastructure. The agreement is structured under volume-based subscription tiers.
The deployment centers on RedCloud’s RAID engine, which the company states is trained on $6.9 billion of cumulative proprietary FMCG transactional data. In March 2026, the company reported that the first model within RAID outperformed industry benchmarks for accuracy across 3.7 million live FMCG transactions in an R&D validation.
RedCloud reported that revenue in Nigeria increased 68% year-over-year in 2025. The company’s audited full-year 2025 results, reported on May 18, 2026, showed $48.5 million in revenue and $3.2 billion in total transaction value across RedAI infrastructure, up 31% year-over-year.The growth comes as the company faces financial headwinds. Trading at $0.53 with a market cap of $29.11 million, the stock has declined 69% over the past year. An InvestingPro tip notes the company is quickly burning through cash, though analysts anticipate sales growth in the current year. InvestingPro subscribers have access to 11 additional exclusive tips for RCT.
RAID is currently being deployed in Türkiye under a licensing agreement valued at up to $50 million and is being rolled out in Saudi Arabia under an agreement announced in April 2026 valued at up to $30 million.
"This agreement is exactly the kind of deployment the RAID engine is being built for," said Justin Floyd, Founder and CEO of RedCloud.
The company plans to roll out three specialist RedAI agents in the second half of 2026, designed to automate FMCG supply chain decisions.
In other recent news, RedCloud Holdings plc reported a revenue of $48.5 million for the fiscal year 2025, while reaffirming its revenue target of $120 million for 2026. The company’s Annual Report revealed a 31% increase in total transaction value across its RedAI infrastructure, reaching $3.2 billion in 2025. Additionally, RedCloud has launched a $30 million joint venture with Kayanat in Saudi Arabia, aiming to deploy its RedAI infrastructure in the country’s fast-moving consumer goods market. The joint venture will operate under the name RedCloud Arabia, with Kayanat authorized to manage the infrastructure for a five-year term.
In another development, RedCloud and ACA Capital have announced plans to form a joint venture to expand RedAI infrastructure across South Africa and other African markets. This partnership will utilize RedCloud’s RAID engine and is expected to generate both a license fee and shared transaction-based revenue. Furthermore, RedCloud appointed Vikram Sharma as Chief Revenue Officer, bringing over 25 years of experience from companies like Microsoft and Sony Ericsson. These recent developments reflect the company’s strategic initiatives in expanding its market presence and enhancing its operational capabilities.
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