Redtech

Payment Processingredtechlimited.com

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

Digital payment processing
POS terminal services
Payment gateway solutions
E-invoicing compliance
Energy surveillance technology

Where Redtech is headquartered

Location

Headquarters

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 offering

Core 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 profile

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Redtech technology and API

Technology

Technology 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 signal

Partnerships

Two partnerships are on record, tiered flagship and core.

United Bank for Africa (UBA)flagshipStrategic or Co-development Partner · 6 May 2026Redtech 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)coreStrategic or Co-development Partner · 6 May 2026Payment 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 assessment

Direct 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 compliance and trust

Trust signal

Compliance8 records

Redtech financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Redtech leadership team

Management profile

Number of profiles

Profiles16 records

Redtech funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Redtech M&A and investment

M&A and investment

M&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?

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.