CEO Emmanuel Ojo says the company will first extend its services to 29 African countries, after which they will consider a Series A funding round. Redtech expects annual transactions on its platform to grow from $25 billion in 2025 to $100 billion within two years, with the transaction value tripling to $73.6 billion. Backed by tycoon Tony Elumelu, Redtech is also looking to expand its equity base and introduce new products across the continent.
Thursday, February 12, 2026
Nigerian fintech Redtech plans to raise $100 million for expansion
CEO Emmanuel Ojo says the company will first extend its services to 29 African countries, after which they will consider a Series A funding round. Redtech expects annual transactions on its platform to grow from $25 billion in 2025 to $100 billion within two years, with the transaction value tripling to $73.6 billion. Backed by tycoon Tony Elumelu, Redtech is also looking to expand its equity base and introduce new products across the continent.
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