Redtech sets sights on 29 African markets, says mergers and acquisitions on the table
Redtech, backed by Heirs Holdings, is expanding into 29 African countries and scaling RedPay after processing ₦30 trillion in 2025, with acquisitions also on the table for growth.
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Acquisitions are on the table for Redtech Ltd as the fintech plans an expansion drive that will see it enter 29 African countries by 2027.<br />
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The Lagos-based payments company, backed by Heirs Holdings, is positioning itself for continental scale following a breakout 2025 financial year in which it processed ₦30 trillion ($20.6 billion) in transactions, more than double the ₦12 trillion ($8.2 billion) recorded in 2024.<br />
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Speaking in an interview with Techpoint Africa, CEO Emmanuel Ojo confirmed that mergers and acquisitions are part of Redtech’s expansion playbook. <br />
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“It’s all on the table,” he said when asked whether acquisitions could feature in the company’s growth strategy.<br />
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Redtech currently operates primarily through RedPay, its payments platform offering POS terminals, merchant collections, payment gateways, and digital payment channels. In its first full year, the company says it onboarded over 35,000 merchants and deployed tens of thousands of POS devices across Nigeria.<br />
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Having entered the market just as POS penetration appears to stagnate, Ojo says Redtech is pursuing a diversified approach. The company serves both high-velocity, low-ticket merchants and lower-frequency, high-value enterprise clients. It also works with financial institutions to support deposit mobilisation.<br />
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That positioning comes at a time when Nigeria’s agent banking margins are tightening due to increased competition and regulatory adjustments from the Central Bank of Nigeria (CBN). While some major players are shifting focus toward broader merchant services and digital products, Redtech appears to be straddling both worlds.<br />
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Ojo argues that agency banking remains strategically important, particularly as banks look to meet recapitalisation requirements ahead of the CBN’s 2026 deadline. Agent networks, he notes, serve as alternative channels for account opening, deposit mobilisation, and last-mile financial services, especially beyond traditional banking hours.<br />
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Redtech’s enterp...
