RedCloud Holdings Innovates FMCG Solutions at GITEX Dubai Event
RedCloud's Strategic Presence at GITEX Dubai
RedCloud Holdings plc, known as RCT, made a significant mark at GITEX 2025 in Dubai, showcasing its innovative RedAI trading platform tailored for Fast-Moving Consumer Goods (FMCG) businesses. Their participation, led by CEO Justin Floyd alongside Saudi joint venture partner Majid Alghaslan, highlights their focused approach towards launching RedCloud Arabia.
Addressing Global Inventory Challenges
The RedAI platform aims to address the staggering $2 trillion global inventory gap. This gap is a result of disjointed supply chains leading to empty store shelves while warehouses overflow with unnecessary stock. The FMCG industry, projected to reach $14.6 trillion, is directly impacted by these inefficiencies, negatively affecting both businesses and consumers when prices for essential goods rise due to supply shortages.
Partnerships and Expansion Plans
At GITEX, RedCloud is set to engage with prominent partners and sponsors, including NVIDIA, AWS, and Snowflake, alongside potential customers and allies from the Persian Gulf. This collaboration aligns perfectly with RedCloud's mission to redefine the FMCG supply chain landscape in the Middle East, especially with the estimated $568 billion market just in this region in 2025.
CEO Insights on Market Opportunities
In a statement, Justin Floyd expressed, "Our presence at GITEX allows RedCloud to leverage the intersection of AI innovations and modernization of FMCG supply chains. Launching in the Saudi market creates a pivotal foundation for our regional expansion and showcases our technology's capability in enhancing supply chain efficiency in high-growth markets. With an impressive $2.5 billion in Total Transaction Value and strong customer growth, we are dedicated to deploying AI solutions vital for local economies while tackling the global inventory optimization issues through algorithmic trading solutions."
Performance Overview of RedCloud
RedCloud has shown remarkable progress, reporting a full-year revenue of $46.5 million for 2024, marking a 135% increase from the previous year. The company processed $2.5 billion in its platform's Total Transaction Value while significantly enlarging its active user base to 68,089 retailers in the first half of 2025, a 110% year-over-year increase.
Expanding Reach in Emerging Markets
Throughout 2024, RedCloud’s platform traded a substantial range of products, facilitating connections among 6,765 FMCG brands across key growth markets, including Argentina, Brazil, Nigeria, and South Africa. This initiative assists independent retailers, small grocery chains, restaurants, and bars in urban areas grappling with supply chain fragmentation.
Upcoming Launch of RedCloud Arabia
RedCloud Arabia is strategically positioned with its head office in Riyadh and satellites in major Saudi cities like Dammam and Jeddah. This joint venture with Kayanat, a leading Saudi private equity firm, aims to launch operations by late 2025. The first steps will include the rollout of the RedAI trading platform, Red101 for retailers, and TradeX for bulk trading, setting the stage for subsequent technological advancements utilizing AI.
Contact Information for Investors and Media
Interested parties wishing to connect with RedCloud during GITEX can reach out to their media relations team through the contact details provided below.
Investor Relations
Ryan Flanagan
Investor Relations: Investor.relations@redcloudtechnology.com
Media Relations
James McCarthy
Media Contacts: media@redcloudtechnology.com
Frequently Asked Questions
What is RedCloud's primary focus?
RedCloud focuses on transforming the FMCG supply chain through innovative AI-driven solutions.
What major event did RedCloud attend recently?
RedCloud attended GITEX 2025 in Dubai to showcase its platform and connect with industry partners.
What solutions does the RedAI trading platform offer?
The RedAI platform offers improved inventory management and trading solutions through advanced AI technologies.
How has RedCloud performed financially?
RedCloud reported a revenue of $46.5 million for 2024, reflecting substantial growth compared to previous years.
What is the significance of RedCloud Arabia?
RedCloud Arabia represents a strategic expansion into the Middle East, setting the groundwork for future initiatives in the region.
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