Global Courant
Red cloud, today announced an important milestone. In just 12 months, it has passed a trade volume of $500 million in a single area – Nigeria. Known for its mission to enable commerce everywhere, RedCloud seeks to support emerging markets by digitally connecting FMCG brands, distributors and sellers and providing them with the technology they need to drive economic growth. These latest figures from Nigeria show that the brand’s strategy is proving to be an unmitigated success.
RedCloud offers an open and transparent trading platform with proprietary technology and enables local and international business-to-business trading for companies in emerging markets. Simplifying complex systems to enable easy navigation and reliable transactions. While removing the artificial barriers to consumer goods trade in emerging markets.
Ebere Ogwumoyi, General Manager of RedCloud Nigeria, comments: “This milestone is a testament to the resilience, determination and hard work of our team in Nigeria. Our Open Commerce technology is not just a tool, but a revolution in the way business is done, especially in a complex and fast-paced market like Nigeria. The positive impact our platform is having on retailers, brands and distributors across the industry is phenomenal.”
The surge in trading volumes through RedCloud in Nigeria underlines the potential of Open Commerce and the role it can play in transforming commerce in emerging markets, driving economic growth and shaping the future of commerce.
Justin Floyd, CEO of RedCloud Technology, added, “Our vision for Open Commerce is to enable commerce everywhere through the next evolution of commerce. AI is driving a new kind of B2B commerce experience, through smart search, selection and trading, bringing much-needed economics to brands, distributors and retailers around the world. Big Tech has failed many of these companies and we are here to make that right.
“Reaching half a billion dollars in trading volume in just over a year on a single market is further confirmation of that, ending unnecessarily high commissions and transaction costs while providing the digital access all businesses deserve .
About Red Cloud
Red cloud is a global technology company committed to enabling commerce everywhere, especially in emerging markets, by digitally connecting FMCG brands, distributors and sellers, enabling them to search smarter, sell better and trade more easily.
With its proprietary Open Commerce platform, RedCloud is poised to drive economic growth in the FMCG industry by providing new levels of visibility and facilitating strategic decision making based on real-time data analytics syndicated across the entire distribution chain.
RedCloud exceeds half a billion dollars
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