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RedCloud to Enter Live Deployment Phase as Combined Turkey and Saudi Joint Ventures Represent Up to $80 Million Revenue

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  • RedCloud Holdings plc announced the progression of its RAID engine deployment in Turkey from R&D to early-stage integration with a leading national distribution network.
  • The company is working with a major distributor to integrate RAID into active environments during H1 FY'26, following the establishment of a joint venture valued up to $50 million & the planned launch of an AI R&D hub at ITU Teknokent.
  • This phase aims to embed real-time AI into FMCG supply chains to improve demand prediction, inventory positioning, & execution decisions under current global supply chain disruptions.
  • CEO Mehmet Bostan stated that global trade infrastructure fragility requires decisions made at speed within the flow of trade rather than after the fact.
  • Non-Executive Director Prof. Dr. Mustafa Ergen emphasized that embedding RAID in live Turkish networks proves the infrastructure's viability in critical crossroads regions facing unprecedented pressure.
  • The Turkey initiative operationalizes RedCloud's joint venture model combining local infrastructure with AI intelligence & establishes a pathway for broader regional rollout.
  • This announcement follows a recent licensing agreement in Saudi Arabia, with both deals representing up to $80 million in contracted value.
  • RedCloud's mission involves building intelligence infrastructure for global trade via its RedAI platform to digitize trade & enable intelligent digital exchange within a payments & lending ecosystem.