Redtech
- Company typePrivate
- Founded2020
- HeadquartersLagos, Nigeria
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
Redtech firmographics
Firmographics- Name
- Redtech
- Legal name
- Redtech Limited
- Website
- https://redtechlimited.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Redtech industry classification
Industry- Product category
- Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- akta.pro primary industry
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
- akta.pro secondary industries
- POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO), Consumer Remittances (P2P) (FSAMAIAA), Processor Back-End & Switch Providers (Issuer/Acquirer Processing Infrastructure) (FSAMABAJ)
Keywords
Where Redtech is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices3 records
Markets served
Redtech business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Supply Chain, Operations
Revenue model
- Payment Processing and Transaction Fees: Redtech generates revenue through transaction fees charged on payments processed via its RedPay platform including POS terminals, payment gateway, and digital payment channels. The company processes high volumes of transactions, having processed $27 billion in 2025 (more than triple from $8.9 billion in 2024).
- POS Terminal Deployment: Revenue generated from deploying RedPay POS terminals to merchants, enabling point-of-sale payment acceptance. Over 55,000 terminals deployed within 16 months across merchant locations in Nigeria.
- E-Invoicing and Compliance Services: Redtech provides FIRS-certified system integration services connecting business ERP systems to the FIRS e-Invoicing infrastructure, enabling automated compliance with Nigerian tax regulations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Free POS terminal offer for physical stores |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Redtech product offering
Product offeringCore offering
Redtech operates two core pillars: RedPay, a comprehensive digital payment platform providing POS terminals, payment gateway, virtual accounts, agency banking, and FIRS e-Invoicing integration for businesses and individuals; and SITCOM, an enterprise technology surveillance and production monitoring solution for Africa's oil and gas sector. The company enables merchants and enterprises to collect, process, confirm, reconcile, disburse, and manage funds securely through licensed, compliant payment infrastructure. It supports both physical retail and e-commerce payment acceptance with payment interoperability across banking and mobile money networks.
Product overview
Redtech operates two core pillars: RedPay, a comprehensive digital payment platform providing POS terminals, payment gateway, virtual accounts, agency banking, and FIRS e-Invoicing integration; and SITCOM, an enterprise energy technology platform for oil and gas surveillance with modules including ASSR, RPSS, RIDSS, ICT MS, IOMC MS, and ASSM. The company also offers RedPayEye, an AI-powered monitoring solution for operational intelligence across its payment infrastructure.
Differentiator
Problem solved
Functional benefit
Brands
- RedPay: Redtech's flagship payment platform enabling fast, secure and seamless transactions for businesses and individuals through POS terminals, payment cards, e-commerce gateways, mobile apps, virtual account services, and value-added services.
- SITCOM
Products and services
- RedPay Redtech's flagship digital payment platform enabling businesses to collect, process, confirm, reconcile, disburse, and manage funds through secure, scalable technology. Provides POS terminals, payment cards, e-commerce gateways, mobile apps, virtual account services, and value-added services for modern commerce.
- SITCOM (Security, Intelligence, Technology and Communication Solutions) Enterprise technology surveillance and production monitoring solution for Africa's oil and gas sector. Provides integrated monitoring across asset security, production surveillance, intrusion detection, and operational management with modules including ASSR, RPSS, RIDSS, ICT MS, IOMC MS, and ASSM.
- RedPay POS Terminal Services POS terminal deployment and management providing point-of-sale payment acceptance at merchant locations. Over 55,000 terminals deployed across Nigeria with free deployment for physical retail stores and revenue generated through transaction fees.
- RedPay Payment Gateway E-commerce payment gateway enabling online merchants to accept digital payments including cards, bank transfers, and mobile money wallets. Self-service onboarding available through redpay.africa for payment gateway integration on e-commerce platforms.
- RedPay Virtual Account Services Virtual account solutions providing real-time visibility into payments across departments with automated reconciliation for businesses. Used by enterprise customers like Transcorp Hilton for real-time payment visibility and departmental reconciliation.
- RedPay Agency Banking Agency banking services enabling financial transactions through a network of agents, expanding financial inclusion. Supported by Redtech's CBN Super Agent license.
- RedPay FIRS e-Invoicing Integration FIRS-certified middleware solution connecting enterprise ERP systems (SAP, Oracle, QuickBooks, Tally, Sage) to FIRS e-Invoicing platform. Enables automated invoice generation, IRN generation, scannable QR codes, digital FIRS verification stamps, and real-time validation responses.
- RedPayEye Monitoring Solution Centralized intelligence system aggregating operational data across Redtech products to improve visibility and decision-making. Includes AI integrations for chatbot support, downtime prediction, and automated insights.
- Pay with MoMo on RedPay Payment interoperability feature enabling MoMo PSB mobile money customers to pay at UBA merchant locations through RedPay POS terminals and e-commerce gateway. Integrates MoMo PSB's mobile money wallet ecosystem with UBA's 55,000+ merchant network.
Quantifiable outcome
- Processed $27 billion in transactions in 2025, more than triple from $8.9 billion in 2024
- +3 more outcomes
Companies that use Redtech
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
Redtech technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability4 records
Feature4 records
Redtech partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship and core.
- United Bank for Africa (UBA)flagshipRedtech provides payment technology and RedPay POS terminals deployed within UBA's merchant-acquiring network. Over 55,000 POS terminals have been deployed across UBA merchant locations, enabling payment acceptance and processing. UBA's distribution layer serves as the merchant network foundation for Redtech's payment services.
- MoMo PSB (MTN Nigeria's fintech subsidiary)corePayment interoperability partnership integrating MoMo PSB's mobile money wallets with UBA's merchant network through Redtech's RedPay infrastructure. Enables 'Pay with MoMo' feature at RedPay POS terminals and allows MoMo customers to make withdrawals and deposits at UBA branches. Extends mobile money acceptance to over 55,000 merchant locations.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Redtech competitors and assessment
Company assessmentDirect peers
- Interswitch: Nigeria-founded payment processor and scheme operator (Verve) offering POS acquiring, payment gateway, and merchant acquiring — directly comparable to Redtech's RedPay stack across overlapping Nigerian and West African merchant base.
- Flutterwave: Pan-African payment gateway and POS provider operating across dozens of African countries — a direct competitor on Redtech's expansion thesis and a benchmark for African cross-border processing scale.
- Moniepoint: Nigerian POS acquiring and business banking platform with very large terminal footprint — Redtech's closest direct competitor for SME merchant acquiring and POS deployment in Nigeria.
- OPay: Pan-African mobile money and POS platform with heavy Nigerian presence; competes directly with RedPay on consumer payments, agency banking, and merchant acceptance.
- Paystack: Nigerian payment gateway (now owned by Stripe) offering online merchant acceptance and POS — directly comparable to Redtech's payment gateway and e-commerce integration.
- Paga: Nigerian mobile money and payment processor with agency banking and merchant acquiring — overlaps with Redtech's Super Agent license and POS deployment model.
- Cellulant: Pan-African payments platform serving banks and merchants across 35+ countries; a relevant peer for Redtech's stated 29-country expansion ambition and cross-border processing.
Emerging players
- Chipper Cash: Pan-African cross-border mobile money platform — comparable on the cross-border payments and mobile wallet interoperability dimensions that underpin Redtech's MoMo PSB partnership.
- Nomba (formerly Sparkle): Nigerian digital banking and POS platform serving SMEs — comparable niche overlap with Redtech's SME acquiring business and free-POS go-to-market.
Regional players
- Fawry: Egypt's leading electronic payments network offering POS, bill payment, and gateway services — a regional benchmark for a single-country payment processor that scaled bill payments and merchant acceptance.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Redtech social profiles
Digital presenceRedtech compliance and trust
Trust signalCompliance8 records
Redtech financial estimates
Financial estimateRevenue estimate
Valuation estimate
Redtech leadership team
Management profileNumber of profiles
Profiles16 records
Redtech funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Redtech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Redtech
What does Redtech do?
Redtech operates two core pillars: RedPay, a comprehensive digital payment platform providing POS terminals, payment gateway, virtual accounts, agency banking, and FIRS e-Invoicing integration for businesses and individuals; and SITCOM, an enterprise technology surveillance and production monitoring solution for Africa's oil and gas sector. The company enables merchants and enterprises to collect, process, confirm, reconcile, disburse, and manage funds securely through licensed, compliant payment infrastructure. It supports both physical retail and e-commerce payment acceptance with payment interoperability across banking and mobile money networks.
Is Redtech a public or private company?
Redtech is a private company. It is classified as corporate owned and is currently operating.
When was Redtech founded?
Redtech was founded in 2020. It employs 1 to 10 people.
Where is Redtech based?
Redtech is headquartered in Lagos, Nigeria, in the Africa region.
How does Redtech make money?
Three revenue lines are on record. Payment Processing and Transaction Fees are the primary driver. The others are POS Terminal Deployment and E-Invoicing and Compliance Services.
Who are Redtech's main competitors?
Direct peers on record are Interswitch, Flutterwave, Moniepoint, OPay, Paystack, Paga and Cellulant. Emerging players are Chipper Cash and Nomba (formerly Sparkle). Fawry is listed as a regional player.
Does Redtech have an API?
Yes. Redtech provides APIs for enterprise integration, including secure, well-documented APIs and middleware layer for ERP system connections (SAP, Oracle, QuickBooks, Tally, Sage) to FIRS e-Invoicing platform. APIs enable high-volume invoice processing, real-time transmission and response polling, error handling, retries, and delivery assurance with end-to-end encryption. Also provides payment gateway APIs enabling e-commerce merchants to receive payments directly from MoMo PSB customers.
What industry is Redtech in?
Redtech's product category is Payment Processing. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure, with a secondary code of FSAGABAO, POS, SoftPOS & In-Person Acceptance Infrastructure. Its NAICS code is 52232.