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RedCloud Signs Joint Venture To Transform $166Bn Turkish FMCG Market

RCT
  • RedCloud Holdings plc (NASDAQ: RCT) signed a second Joint Venture in Türkiye with a minimum contract value of $5 million annually over ten years to deploy RedAI in the country's $166 billion FMCG market.
  • The agreement was finalized on stage at World Summit AI before a delegation from the AI Trust Foundation.
  • RedCloud Türkiye will be headquartered in Istanbul & expected to launch operations in Q1 2026 to address an estimated $22 billion inventory gap caused by supply chain inefficiencies.
  • CEO Justin Floyd stated the partnership demonstrates RedCloud's ability to scale AI-powered trading exchange technology globally following a recent Saudi Arabia joint venture.
  • RedCloud reported full-year 2024 revenue of $46.5 million (135% YoY growth) with $2.5 billion in Total Transaction Value processed across its platform.
  • In H1 2025, the company more than doubled its active retailer base to 68,089 customers (up 110% YoY) & expanded its distributor network to 1,017 active customers (up 136% YoY).
  • During 2024, the platform traded 184,731 products from 6,765 FMCG brands across high-growth markets including Argentina, Brazil, Nigeria & South Africa.
  • RedCloud announced that its H1 2025 financial results will be released pre-market on December 11, 2025, followed by an earnings conference call.
  • The company is a British entity registered in London, co-founded by Justin Floyd & Soumaya Hamzaoui, & achieved its Nasdaq IPO in March 2025 under ticker "RCT".