Redtech, the fintech company backed by Tony Elumelu's Heirs Holdings, has debuted on the Financial Times Africa's Fastest Growing Companies 2026 list, entering at 32nd place out of 130 companies and ranking among Africa's top 15 fintech firms. The recognition arrives as the company prepares for a planned $100 million Series A round and a 29-country expansion across the continent.

The FT Africa's Fastest Growing Companies ranking is compiled in partnership with Statista and measures companies by their compound annual revenue growth rate over a three-year period. Entry into the list at 32nd position, and specifically within the top 15 African fintechs, represents a significant independent validation of Redtech's commercial trajectory.

What Redtech Does

Redtech operates as a financial technology infrastructure platform within the Heirs Holdings ecosystem, providing digital financial services capabilities that sit at the intersection of banking technology, payments, and data intelligence. The company's positioning within one of Nigeria's most diversified conglomerates gives it access to distribution channels, balance sheet support, and regulatory relationships that pure-play startups typically spend years building independently.



The Series A and Expansion Plan

The planned $100 million Series A would be one of the larger fintech raises in Nigeria's recent history and would provide the capital needed to execute the 29-country expansion that Redtech's leadership has outlined. That expansion, if executed, would take the platform from a primarily Nigeria-focused operation to a genuine pan-African financial infrastructure business competing across francophone, anglophone, and lusophone African markets simultaneously.

The timing of the FT ranking ahead of the fundraise is not coincidental. For investors evaluating an early-stage commitment to a Nigerian fintech, third-party recognition from a globally credible publication provides an independent data point that supplements the company's own growth narrative. Redtech enters its fundraising process with that validation already on the table.