RedCloud to launch trading platform in Saudi Arabia by year-end

RIYADH - RedCloud Holdings plc (NASDAQ:RCT) will launch its artificial intelligence trading platform in Saudi Arabia by December 2025 following a joint venture agreement with Kayanat Holding, the company announced Friday. The tech firm, currently trading at $1.82, has shown impressive revenue growth of 134.76% in the last twelve months despite facing financial challenges according to InvestingPro data.

The joint venture, named RedCloud Arabia, was formalized during a signing ceremony at the Future Investment Initiative (FII9) in Riyadh. The partnership aims to digitize fast-moving consumer goods (FMCG) trade across Saudi Arabia, aligning with the country’s Vision 2030 economic transformation plan.

During the event, RedCloud held meetings with key players representing approximately 20% of Saudi Arabia’s $61 billion FMCG market, according to the company.

"FII9 was a catalytic event for RedCloud, where we heard from industry leaders to heads of state who shared our concern for global trading challenges including spiraling consumer prices and the waste of critical resources," said Justin Floyd, CEO and Founder of RedCloud. While the company boasts impressive gross profit margins of 58.59%, InvestingPro analysis reveals several financial challenges, including rapid cash burn and significant debt obligations that investors should monitor. InvestingPro subscribers can access 10+ additional insights about RedCloud’s financial health.

Majid Alghaslan, Founder of Kayanat, said: "Our collaboration with RedCloud reflects Vision 2030’s ambition to transform the Kingdom into a global hub where technology, data, and intelligence redefine trade."

The RedAI platform is designed to facilitate trading of consumer goods across business supply chains, providing retailers with data-driven market insights to make purchasing and inventory decisions. The company reports it has already deployed the platform in markets including Nigeria, Brazil, and South Africa.

RedCloud stated it doubled its customer numbers year-over-year in the first half of 2025 and expanded its technology ecosystem through partnerships with NVIDIA, AWS, and Snowflake.

The FII9 event brought together approximately 600 global leaders under the theme "The Key to Prosperity: Unlocking New Frontiers of Growth," according to the press release statement.

In other recent news, RedCloud Holdings plc has announced significant partnerships with three payment providers to enhance digital payment options in the Fast Moving Consumer Goods (FMCG) supply chains. The company has teamed up with Mercado Pago in Argentina, Shop2Shop in South Africa, and MoniePoint in Nigeria, collectively serving over 63 million users. These collaborations aim to reduce digital payment friction for businesses using RedCloud’s RedAI intelligent trading platform. Additionally, RedCloud Holdings has joined the NVIDIA Connect program to enhance its AI capabilities. Through this program, RedCloud will gain access to NVIDIA’s advanced AI frameworks, software development kits, and expertise. This partnership is part of RedCloud’s strategy to accelerate its product development and address a potential $2 trillion global inventory gap within the $14.6 trillion global FMCG industry. These recent developments reflect RedCloud’s ongoing efforts to improve its trading platform and expand its technological capabilities.

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