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Redtech, a technology company backed by Tony Elumelu's family office, Heirs Holdings, says today it processed $20.6 billion, about 30 trillion naira, in transactions during its 2025 financial year, more than doubling the previous year’s total.
The company said the jump from 12 trillion naira in 2024 reflects rising use of its payments platform, RedPay, across point of sale terminals, merchant collections and digital channels. Redtech did not disclose revenue from the activity, but the transaction figure places it among Nigeria’s largest volume processors as consumers and businesses lean harder on electronic payments.
Nigeria has seen a rush of investment into payment infrastructure as banks, fintech firms and retailers compete to capture everyday spending. Card payments, transfers and agent networks have expanded, even as outages and reconciliation delays remain a frequent complaint for merchants.
Executives said the milestone shows the company has moved beyond building capabilities to running infrastructure at national scale. In a statement, Redtech said its systems are designed to cut payment failures, reduce downtime and streamline reconciliation while meeting compliance requirements in regulated industries.
The company credited early investment in resilient payments infrastructure and steady product development aimed at common business pain points. Redtech said its stack supports high transaction concurrency, automated failover and real time settlement, with redundant backend systems intended to keep services running during peak periods. It added that monitoring and data led optimization have helped ensure growth does not outpace reliability.
That operational focus has helped Redtech deepen integrations across banking and enterprise networks, the company said, expanding distribution while keeping platform control. Broader reach has also supported merchant acquisition without sacrificing service quality, a key issue for processors that serve both small traders and large institutions.
Transaction volumes came from a mix of small and midsize firms, large enterprises and financial institutions, Redtech said. The company cited demand from retail and hospitality as well as insurance, energy, banking and public sector linked services. It said the variety shows its ability to handle complex flows such as batch processing and always on availability across industries.
Chief Executive Emmanuel Ojo said businesses are choosing Redtech because they need a processor that works every day, not only when traffic is light. He said the company has focused on durability, governance and regulatory alignment so merchants and regulated clients can scale without added friction. Ojo said the next phase is regional.
Redtech said it plans to expand beyond Nigeria into 29 African countries by January 2027, aiming to support cross border payments for firms operating across multiple markets and payment types. The company said it will take the same approach of redundancy, risk controls and performance monitoring into new jurisdictions.
Founded in 2020, Redtech operates two main product lines. RedPay offers tools that help merchants and institutions accept and manage payments through terminals, ecommerce gateways, card issuing, mobile apps, virtual accounts and value added services. The firm’s other business, SITCOM, connects field instrumentation, telemetry and analytics to help upstream oil and gas operators monitor production and reduce downtime.
