RedCloud Holdings Reports 135% Revenue Growth in 2024, Driven by Increased Trading Volume

Reuters
2025/05/19
RedCloud Holdings Reports 135% Revenue Growth in 2024, Driven by Increased Trading Volume

RedCloud Holdings plc has reported its financial results for the full year 2024, showcasing significant growth across key business metrics. The company's total transaction value (TTV) increased by 111% to $2.5 billion, while revenue rose by 135% to $46.5 million. The average transaction-based revenue grew from 1.7% to 1.9%. The company highlights its momentum in the trading platform sector, with 184,731 products from 6,765 brands actively traded in bulk. RedCloud also reported a 175% year-over-year increase in trading customers, with 760 brands and distributors now using the platform to trade, store, and transport inventory in various bulk quantities. The platform facilitates digital trading among brands, distributors, and retailers, leveraging AI insights for smarter decision-making. Additionally, RedCloud's AI Labs are analyzing first-party trading data to uncover actionable recommendations, including price benchmarking, inventory prediction, and smart buying suggestions. This data-driven approach aims to enhance product trading in real-time across fast-moving consumer goods categories.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redcloud Holdings plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9454029-en) on May 19, 2025, and is solely responsible for the information contained therein.

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