Nigerian fintech startup Redtech Ltd. is setting its sights on major continental expansion, with plans to raise $100 million over the next two years to scale its operations across Africa.
Backed by billionaire investor Tony Elumelu, Redtech aims to process transactions in all 54 African countries by the end of the year, leveraging deep integrations with regional and international financial networks to power seamless payments.
Founded in 2020 as part of the Heirs Holdings group, the company has quickly carved out a strong position within Nigeria’s highly competitive payments sector. Its growth trajectory reflects both rising digital adoption and increasing demand for cross-border payment infrastructure across Africa.
In 2025 alone, Redtech processed more than $20.6 billion in transactions — a milestone that underscores its growing influence and operational scale within the fintech ecosystem.
As African fintech continues to attract global attention and capital, Redtech’s ambitious fundraising and expansion plans signal confidence in the continent’s digital payments future — and Nigeria’s role at the center of it.
