RedCloud Hits 100k Customers, Deploys 'Agentic AI'
Global trade tech company RedCloud has surpassed 100,000 customers, including retailers and distributors. The company also announced it has activated its "agentic AI" infrastructure across its network to optimize trade.
London-based RedCloud, founded in 2014 by Justin Floyd and Soumaya Hamzaoui, operates an online marketplace for supply chain financing. The company aims to digitize the global trade industry, a sector still heavily reliant on spreadsheets and phone calls. RedCloud's mission is to build the intelligent infrastructure for global trade by generating and aggregating proprietary data from the Fast-Moving Consumer Goods (FMCG) industry. The company's "agentic AI" is designed to act with a degree of independence to optimize trade. This type of AI goes beyond just processing data; it can set its own goals and make decisions to achieve them with minimal human intervention. For RedCloud's customers, this translates to an AI trading co-pilot that assists with business decisions, aiming to make global trade more predictive and less reactive. RedCloud has seen significant growth, reaffirming a full-year revenue guidance of $51-53 million for 2025, its strongest year on record. The company is targeting $100 million in revenue for 2026, supported by expansion in existing markets and new joint ventures. Key revenue is currently generated from Nigeria. The company's platform provides market intelligence based on proprietary trading data and offers a 'trading layer' of products for intelligent digital exchange of consumer goods. This is supported by a payments and lending ecosystem intended to streamline trade. In July 2025, RedCloud raised $13.5 million to enhance its AI capabilities and platform technology. RedCloud's co-founders bring a blend of serial entrepreneurship and operational expertise. CEO Justin Floyd has a 25-year track record of investing in and founding technology companies aimed at solving significant economic and social issues. Co-founder and COO Soumaya Hamzaoui also serves as an independent board member. The company went public on the Nasdaq stock exchange under the ticker "RCT" in March 2025. Prior to its IPO, RedCloud had received backing from investors including Level39. The company's top competitors include Pay Point India, Findi, and OneLoad.
