Elumelu-Backed Redtech Plans $100m Raise as Transactions Double to N30trn

Tony Elumelu-Linked Startup Seeks $100M in New Funding

The Lagos-based financial technology company Redtech Limited, which is sponsored by Tony Elumelu's Heirs Holdings, has declared publicly its intention to raise up to $100 million in new funding over the course of the following two years. This action was initiated as the business got ready to launch operations in as many as 29 countries in the first half of 226 as a move to ensure substantial Pan-African expansion.The company has attained a great…

Elumelu-backed Redtech Plans $100m Raise as Transactions Double to N30trn

By Adedapo Adesanya Redtech Limited, a Nigerian financial-technology company backed by Nigerian businessman, Mr Tony Elumelu, is considering to raise about $100 million in the next two years to expand its footprints across Africa. This comes as it announced processing N30 trillion ($20.6 billion) in total transactions over the 2025 financial year, over 100 per […]

Redtech Processes $20.6 Billion Transactions in 2025 Financial Year

Lagos, Nigeria – Redtech, a technology company backed by Heirs Holdings, today announced it processed $20.6 billion (₦30 trillion) in total transactions over the 2025 financial year. The milestone was driven by strong growth across its payment platform, RedPay – including POS network, merchant collections, and digital payment channels.  About Redtech Redtech helps businesses move money at scale through […]

Tony Elumelu’s Startup Considers $100m Capital Raise

Tony Elumelu–backed technology startup Redtech Ltd. is weighing a potential $100 million capital raise as it explores options to accelerate expansion and strengthen its market position, according to people familiar with the matter. The fundraising plan is still at an exploratory stage and no final decision has been made, the sources said. The company is […] The post Tony Elumelu’s Startup Considers $100m Capital Raise appeared first on Investors…

Tony Elumelu-backed Redtech processed $20.6 billion in 2025

Redtech, a technology company backed by Tony Elumelu's family office, Heirs Holdings, says today it processed $20.6 billion, about 30 trillion naira, in transactions during its 2025 financial year, more than doubling the previous year’s total.The company said the jump from 12 trillion naira in 2024 reflects rising use of its payments platform, RedPay, across point of sale terminals, merchant collections and digital channels. Redtech did not disc…