RedCloud CEO to Discuss AI and Global Trade at FII9 Amidst Impressive Growth
Riyadh, Friday, 24 October 2025.
RedCloud reports a remarkable 100% customer growth in H1 2025. CEO Justin Floyd will join leaders at FII9 to explore AI and trade, marking a strategic move towards the Saudi market.
Strategic Expansion and Market Performance
RedCloud Holdings plc, listed on Nasdaq under the ticker symbol RCT, has reported a significant 100% growth in its customer base during the first half of 2025. This growth is attributed to the expansion of its AI-powered trading platform, RedAI, which serves the global Fast Moving Consumer Goods (FMCG) market. The company more than doubled its active retailer base to 68,089 customers, representing a 110% year-over-year increase, and expanded its distributor network to 1,017 active customers, marking a 136% year-over-year growth [1].
FII9 Participation and Future Plans
CEO Justin Floyd will participate in the Future Investment Initiative (FII9) in Riyadh, Saudi Arabia, from October 27 to 30, 2025. This event, noted as one of the world’s largest gatherings of policymakers, investors, and innovators, will focus on geoeconomics, capital formation, artificial intelligence, and energy transition. RedCloud’s engagement at FII9 underscores its strategic interest in the Saudi market and aligns with its growth priorities [1][2].
RedCloud’s Saudi Market Entry
As part of its global expansion strategy, RedCloud is launching a joint venture in Saudi Arabia named RedCloud Arabia. This move is part of a broader plan to establish a foothold in the Middle East and leverage regional opportunities in AI and trading. The joint venture aims to address a $2 trillion global inventory gap in the FMCG industry through advanced AI-driven solutions [2].
Financial Performance and Market Position
In March 2025, RedCloud completed its $20 million initial public offering on Nasdaq, which has been a catalyst for its recent growth. Despite recent fluctuations, with its stock closing at $1.71 on October 23, 2025, the company maintains a ‘Buy’ rating with a target price of $5.00, reflecting confidence in its future prospects [1][3].