How they describe themselves: RedCloud is changing the future of FinTech by addressing the inefficiencies of financial services. Our developers were responsible for the successful conception and launch of M-PESA, which is currently processing more than $20.5B transactions a year.
Now we’ve moved on to take what we learned with M-PESA to create a second generation platform that is more than just Mobile Money; it’s Mobile Finance.
More than $15M and 750 Man Years of Engineering have been invested in developing the RedCloud 1 Platform.
How they describe their product/innovation: Available On-Site, Off-Site, or Hybrid Cloud solution, RedCloud 1 enables organisations to launch highly disruptive financial services and provides an immensely powerful and flexible transaction engine and processing platform delivered through mobile devices.
While the Financial Service Cloud (Payments, Savings, and/or Loans) is our flagship product, we also have Agent, Merchant, and Insurance Clouds. Separate or combined, these Clouds empower Banks, Mobile Network Operators, Insurers, and FinTech companies that process payments with the ability to get a powerful, user-friendly digital offering in to the hands of their customers, positioning them as an innovator. The Clouds are available through a Pay-as-you-Grow pricing model.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other FinTech companies and platforms, licensed
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