The Nation Newspaper

Tag: RedCloud

  • RedCloud, Trade Lenda partner to boost financial access for retailers

    RedCloud, Trade Lenda partner to boost financial access for retailers

    RedCloud, a global technology firm, has partnered with Trade Lenda, a financial service provider in Nigeria, to bolster the financial agility of Micro Small Medium Enterprise retailers in the country.

    Trade Lenda’s innovative technology has proven to achieve credit underwriting within six hours, which is four times more efficient than other service providers in the market, according to a statement.

    “This partnership will seamlessly integrate Trade Lenda’s swift lending services within RedCloud’s intelligent open commerce platform, the Red101® web and mobile app which is currently available on the Google Play Store,” the statement said.

    It said the collaboration will revolutionize credit accessibility for the thousands of distributors and merchants on RedCloud’s intelligent open commerce platform, allowing them to secure working capital at competitive rates based on their trading history and Know Your Customer Documentation, which will be used for credit scoring.

    Read Also: We’re awaiting signal to investigate Adeleke’s 332 borehole project, others – ICPC

    According to Head of Product Africa at RedCloud, Adeyemi Ogunyemi, the partnership with Trade Lenda aligns perfectly with the company’s mission to equip its customers with the necessary tools for success.

    “It will significantly streamline the credit acquisition process, allowing our merchants to expand and thrive in today’s competitive market. We are empowering our distributors and merchants on RED101 to grow their purchasing capacities, stock more products and increase their profit margins,” he said.

    Chief Operating Officer at Trade Lenda, Oyindamola Olaniyan said the importance of the partnership and Trade Lenda’s commitment is to provide accessible credit to Small and Medium Scale Enterprises (SMEs) to help them scale.

    “Our collaboration with RedCloud signifies more than a partnership. It is a powerful commitment to empower SMEs. Through Trade Lenda’s steadfast dedication to providing accessible credit and RedCloud’s innovative open commerce platform, we are not just supporting business growth; we are catalysing opportunities for retailers to scale their businesses and significantly enhance their revenue.

    “Together, our commitment is clear: redefining success for distributors/merchants and championing accessible credit for lasting business prosperity,” she added.

  • RedCloud, Trade Lenda partner to boost financial access for retailers

    RedCloud, Trade Lenda partner to boost financial access for retailers

    Redcloud, a global technology firm, has partnered with Trade Lenda, a financial service provider in Nigeria, to bolster the financial agility of Micro Small Medium Enterprise retailers in the country.

    Trade Lenda’s innovative technology has proven to achieve credit underwriting within six hours, which is four times more efficient than other service providers in the market, according to a statement.

    “This partnership will seamlessly integrate Trade Lenda’s swift lending services within RedCloud’s intelligent open commerce platform, the Red101® web and mobile app which is currently available on the Google Play Store,” the statement said.

    It said the collaboration will revolutionize credit accessibility for the thousands of distributors and merchants on RedCloud’s intelligent open commerce platform, allowing them to secure working capital at competitive rates based on their trading history and Know Your Customer Documentation, which will be used for credit scoring.

    Read Also; Kaduna Bombing: We’ll push until victims get justice – Sultan

    According to Head of Product Africa at RedCloud, Adeyemi Ogunyemi, the partnership with Trade Lenda aligns perfectly with the company’s mission to equip its customers with the necessary tools for success.

    “It will significantly streamline the credit acquisition process, allowing our merchants to expand and thrive in today’s competitive market. We are empowering our distributors and merchants on RED101 to grow their purchasing capacities, stock more products and increase their profit margins,” he said.

    Chief Operating Officer at Trade Lenda, Oyindamola Olaniyan said the importance of the partnership and Trade Lenda’s commitment is to provide accessible credit to Small and Medium Scale Enterprises (SMEs) to help them scale.

    “Our collaboration with RedCloud signifies more than a partnership. It is a powerful commitment to empower SMEs. Through Trade Lenda’s steadfast dedication to providing accessible credit and RedCloud’s innovative open commerce platform, we are not just supporting business growth; we are catalysing opportunities for retailers to scale their businesses and significantly enhance their revenue.

    “Together, our commitment is clear: redefining success for distributors/merchants and championing accessible credit for lasting business prosperity,” she added.

  • RedCloud, Paystack partner to expand digital payment options

    RedCloud, Paystack partner to expand digital payment options

    RedCloud Technologies has announced a strategic partnership with Paystack, a digital payment provider in Nigeria.

    The partnership with Paystack will ensure that all B2B transactions initiated on RedCloud’s Intelligent open commerce platform (Red101 app) are processed in line with the Central Bank of Nigeria’s regulatory policies and guidelines for digital payments, ensuring due diligence and compliance with all relevant requirements, according to a statement.

    “Customers on RedCloud’s Intelligent open commerce platform, Red101, will now enjoy convenient payment options using payment tokens from Paystack,” the statement said.

    It said digital payment channels will enable businesses to accept and make payments via instant bank transfers, debit and credit cards, USSD, and QR codes, enhancing the payment experience for both distributors and merchants on the platform.

    Read Also: UK govt pledges more investments in Nigeria at N-BA 2023 Presidential Cocktail

    “Retailers and merchants can join the platform by downloading the Red101 app on the Google play store.”

    General Manager at RedCloud Nigeria, Ebere Ogwumoyi, said the collaboration is a significant milestone in the company’s ongoing efforts to provide secure, transparent, and efficient digital payment solutions to our 100,000 customers (brands, distributors and retailers).

    “It further enhances the transaction experience on our AI-powered intelligent open commerce platform, ensuring businesses operate in a secure and regulatory-compliant environment,” he added.

    Head of Product Africa at RedCloud, Adeyemi Ogunyemi, said the singular partnership will grant customers access to digital services and other Value-Added Services on their Red101 marketplace.

    “The automation of the customer journey is imperative in achieving financial inclusion, improving the user experience, and providing secure transactions at all times on the AI-driven RedCloud open commerce platform,” he said.