Redtech Recognized as a Top African Growth Company

Redtech, a payment infrastructure company backed by Heirs Holdings, has earned a spot on the Financial Times (FT) “Africa’s Fastest Growing Companies 2026” list. The fintech made its debut at number 32 out of 130 companies, also ranking among Africa’s top 15 fastest-growing fintech firms.

The FT/Statista ranking identifies high-growth African companies based on compound annual growth rate (CAGR) in revenue between 2021 and 2024. Companies had to meet additional criteria including minimum revenue, independence, and primarily organic growth.

This recognition comes as Redtech’s flagship platform, RedPay, continues its expansion across physical and digital payment channels. Through RedPay, businesses can manage funds with secure, scalable technology tailored for African commerce.

Key Highlights of Redtech’s Growth

• Transaction Scale: Processed $27 billion (₦37.2 trillion) to date, more than triple the $8.9 billion (₦12 trillion) processed by end-2024
• Merchant Infrastructure: Deployed 55,000 RedPay POS terminals in just 16 months across Nigeria
• Regional Expansion: Supports payments in five UEMOA countries: Benin, Burkina Faso, Côte d’Ivoire, Mali, and Senegal
• Regulatory Compliance: Holds key licenses from the Central Bank of Nigeria including Payment Terminal Service Provider (PTSP), Payment Solution Service Provider (PSSP) and Super Agent status

Tony O. Elumelu, CFR, Group Chairman of Heirs Holdings, emphasized that this recognition validates Redtech’s role in building payment infrastructure for African businesses. He noted that RedPay enables merchants, fintechs, and financial institutions to transact with greater speed, security, and control.

“Our focus is on strengthening the infrastructure that allows businesses across the continent to collect, pay, and grow,” said Emmanuel Ojo, CEO of Redtech. “This recognition validates what we’re building and the African businesses that rely on our platform every day.”