newsfilter
← Latest News
GlobeNewswire·

RedCloud CEO to Meet Global Leaders at FII9 Following Strong H1 2025 Performance and Eyes Saudi Market Entry

RCT
  • RedCloud Holdings plc (NASDAQ: RCT) CEO Justin Floyd will attend the Future Investment Initiative (FII9) in Riyadh, Saudi Arabia, from October 27–30, 2025.
  • FII9 features over 600 speakers including leaders from Aramco, JPMorgan Chase, BlackRock, Alphabet/Google, Intel, OpenAI, and Groq under the theme "The Key to Prosperity: Unlocking New Frontiers of Growth."
  • RedCloud more than doubled its customer base year-over-year in the first half of 2025, addressing an estimated $2 trillion inventory gap in the FMCG sector via its RedAI platform.
  • The global FMCG market is projected to grow from approximately $13 trillion to $21.8 trillion by 2034, creating opportunities for algorithmic infrastructure.
  • RedCloud announced strategic partnerships in the Middle East, including a joint venture with Kayanat Holding led by Majid Alghaslan to expand into the Saudi market.
  • Full-year 2024 revenue reached $46.5 million, representing 135% year-over-year growth, with a Total Transaction Value of $2.5 billion.
  • In H1 2025, RedCloud's active retailer base grew 110% year-over-year to 68,089 customers, while the distributor network expanded 136% to 1,017 active customers.
  • During 2024, the platform traded 184,713 products from 6,765 FMCG brands across high-growth markets including Argentina, Brazil, Nigeria, South Africa, South Africa.
  • RedCloud completed its $20 million Nasdaq IPO in March 2025, with analyst consensus maintaining a "Buy" rating and a $5.00 price target.
  • The RedAI platform facilitates B2B trade by aggregating market data to optimize inventory decisions for brands, distributors, retailers, restaurants, \& bars.