DOHA, Dec. 10, 2025 — Leads & Copy — RedCloud Holdings plc (Nasdaq: RCT) has announced its second joint venture to deploy RedAI in Türkiye. The agreement, signed at the World Summit AI, has a minimum contract value of $5 million per year for ten years. The agreement aims to transform Türkiye’s $166 billion market for Fast Moving Consumer Goods (FMCG).
RedCloud believes the Turkish FMCG market experiences systemic inefficiencies and waste, leading to an estimated $22 billion inventory gap. This gap results from consumer demand for everyday products not matching inventory and stock due to outdated practices and a lack of aggregated trading data across supply chains.
RedCloud Türkiye will be headquartered in Istanbul and is expected to begin operations in the first quarter of 2026. It will deploy RedCloud’s RedAI trading platform and intelligence capabilities with businesses from manufacture to retail. The company believes RedCloud Türkiye can leverage RedCloud’s future global AI and supply chain model developments through RedAI.
Justin Floyd, CEO & Co-Founder of RedCloud, stated that supply chains are burning $2 trillion each year. He expressed enthusiasm about the joint venture, bringing AI and algorithmic trading to Turkish supply chains. According to Floyd, this second partnership in the Middle East demonstrates their ability to scale intelligence infrastructure across the world, where AI-powered trading exchange technology will be utilized.
Mehmet Bostan, joint venture partner and founding CEO of RedCloud Türkiye, added that this partnership would deploy state-of-the-art intelligence infrastructure to unlock Turkish supply chains, driving economic growth, resilience, and efficiency. Bostan said retailers would gain access to improved supply and choice, while manufacturers and distributors would receive market data and insights to expand, grow market share, and profitability.
Justin Floyd is also participating in the World Summit AI as part of the AI Trust Foundation delegation. They are visiting Qatar to advance cross-border collaboration on AI, responsible innovation, and bilateral trade and investment between the United States, its allies, Qatar, and the Middle East Region. Floyd noted that the agreement demonstrates how AI can be deployed to unlock the performance of industries and supply chains, benefiting consumers and businesses, and that transforming everyday industries to drive prosperity and reduce waste is one of the most valuable future applications of AI.
RedCloud’s previous full-year 2024 revenue was $46.5 million, a 135% year-over-year increase, with Total Transaction Value (TTV) of $2.5 billion processed across its platform. In the first half of 2025, RedCloud more than doubled its active retailer base to 68,089 customers, up 110% year-over-year, and expanded its distributor network to 1,017 active customers, up 136% year-over-year.
In 2024, RedCloud’s platform traded 184,731 products from 6,765 FMCG brands and manufacturers across Argentina, Brazil, Nigeria, and South Africa. It served independent retailers, small-chain grocery stores, restaurants, and bars in urban markets with supply chain fragmentation and persistent inventory inefficiencies.
The company will announce its H1 2025 financial results pre-market on December 11, 2025, with an earnings conference call shortly afterward. Details and registration for the earnings conference call are available at https://investors.redcloudtechnology.com.
RedCloud’s mission is to build the intelligence infrastructure of global trade by generating and aggregating proprietary trading and market data from across the FMCG industry through its RedAI platform. The company provides market intelligence based on proprietary trading data in each of its markets and delivers a trading layer of products for customers to enable intelligent digital exchange of everyday consumer supplies of FMCG products across business supply chains, supported by a payments and lending ecosystem.
RedCloud believes its platform and associated products and services solve how to digitize trade to generate data and intelligence, enabling brands, distributors, and retailers to maximize business performance across categories in high-growth consumer markets.
RedCloud is registered in London and was co-founded by Justin Floyd and Soumaya Hamzaoui. RedCloud achieved its IPO on New York’s Nasdaq stock exchange under the ticker “RCT” in March 2025.
Contacts:
Investor Relations
Ryan Flanagan
Investor.relations@redcloudtechnology.com
Media Relations
JoTo PR
media@redcloudtechnology.com
Source: RedCloud Holdings plc
