Redtech, a fast-rising fintech company backed by Heirs Holdings, processed over ₦12 trillion ($10 billion) in payment transactions in 2024, marking a major milestone in its mission to build Africa’s next-generation payment infrastructure.

The figure was announced by CEO, Redtech, Emmanuel Ojo, during his keynote speech at the Future of Payment Conference by BusinessDay, a premier gathering of regulators, banking executives, fintech disruptors, and investors, which was held in Lagos yesterday.

This achievement comes amidst the exponential growth of Africa’s digital payment landscape, where innovation, scale, and resilience are key to winning the market.

With an expanding footprint and a growing portfolio of enterprise clients, Redtech’s flagship payment platform, RedPay, is fast becoming the backbone for businesses enabling fast, secure and seamless transactions for businesses and individuals. Redtech’s payment infrastructure supports high-volume operations for leading institutions across hospitality, power, energy, retail, insurance, and financial services. The company also supports financial institutions in strengthening their retail capabilities through smart, integrated payment solutions.

RedPay, its all-inclusive payment platform comprises Merchant Payment Solutions, Payment Cards, E-Commerce Gateways, Mobile Apps, Virtual Account Service, and a range of Value-Added Services.

Speaking about the milestone, Emmanuel Ojo, CEO of Redtech, said:

At Redtech, every transaction processed through our systems reflects trust, our drive for transformation, and signals economic momentum. Payments are the foundation of modern economies, and in Africa, they hold the key to unlocking inclusive growth and connecting more people to opportunity. We’re building with the purpose of driving a more connected, more prosperous Africa.

Emmanuel also revealed the company’s intention to expand into other African countries beyond Nigeria, helping businesses across the continent scale rapidly with smart payment systems.

Redtech is driven by a bold vision to power prosperity by leveraging advanced technology to create seamless, secure, and scalable payment solutions tailored specifically for African markets.

About Redtech

---

Join Our WhatsApp Group

Don’t miss out on any real-time information. Join our WhatsApp group to stay updated.

CLICK HERE TO JOIN

---

Redtech is a financial technology company committed to empowering individuals and businesses through innovative, reliable, and scalable payment solutions.

Its flagship platform, RedPay, supports fast, secure, and seamless transactions through a comprehensive suite of services including merchant payment solutions, payment cards, e-commerce gateways, mobile apps, virtual account services, and value-added services, tailored for modern commerce.

Redtech is an investee company and a member of Heirs Holdings Group, a leading pan-African investment company with investments across 24 countries worldwide and four continents. Operating with a Pan-African vision and global standards, Redtech delivers technology that drives economic growth across industries and borders.

#FeaturedPost

Blessing Agbebaku, Speaker Edo State House of Assembly, two members of the House of Assembly; five former members of the

read more Edo Assembly speaker, others defect to APC

In Nigeria a growing number of schools have adopted mini enterprise programs that require students to design products or services manage budgets market to real customers and reinvest profits.

These initiatives foster teamwork financial literacy and creative problem solving while generating small revenues that support school projects or charities.

Below are 5 standout institutions where student led ventures move beyond classroom theory into genuine marketplace operations setting graduates on a path to business success.

ALSO READ: Nigeria’s most expensive secondary school—₦49m in school fees!

1. Loyola Jesuit College, Abuja

Each term, students form teams that research market needs, write detailed business plans and launch ventures such as handcrafted soap labels or small event-planning services.

They procure supplies, manage production, establish brand identities and sell through pop-up campus stalls as well as online channels. Faculty advisors lead sessions on cost calculation, bookkeeping and customer relations.

Profits fund outreach initiatives, reinforcing both civic responsibility and business know-how.

2. Greensprings School, Lagos

Under the Young Entrepreneurs Programme, students operate cooperatives focused on projects ranging from organic produce farming to custom T-shirt design.

A campus makerspace equipped with 3D printers and sewing machines enables rapid prototyping. Participants validate demand at public fairs and via social-media campaigns.

---

Join Our WhatsApp Group

Don’t miss out on any real-time information. Join our WhatsApp group to stay updated.

CLICK HERE TO JOIN

---

Professional workshops cover trademark registration, supply-chain logistics and online marketing strategies. A capstone pitch event invites business leaders who award grants and incubation opportunities.

3. Dowen College, Lagos

The BizTech Club integrates enterprise roles into the timetable by assigning students to positions such as chief executive, finance director or marketing lead.

Past ventures have included coding tutorials for primary-school pupils and a healthy-snack café on campus. Live performance dashboards display revenue, costs and customer feedback in real time, teaching data-driven decision making.

Field trips to tech hubs and talks by startup founders connect these student enterprises to Nigeria’s wider innovation ecosystem.

RECOMMENDED: 8 Practical ways to access affordable education in Nigeria

4. American International School, Abuja

In the Enterprise Challenge, cross-grade teams design scalable services, such as virtual peer-tutoring networks, sustainable cleaning cooperatives or mobile-device repair units, over a full academic term.

Senior students mentor juniors, and all participants submit funding proposals to an alumni investment panel. Successful teams receive revolving seed capital, dedicated workspace and official after-school-club status, ensuring continuity.

The programme builds leadership skills and establishes ventures that operate year after year.

5. British International School, Lagos

The Young Innovators Hub supports ventures spanning eco-friendly fashion (upcycling local textiles) to sensor-based waste-collection solutions.

Students attend weekend intensives on e-commerce development, customer segmentation and rapid-iteration techniques.

Collaboration with local SMEs provides real-world client briefs, enabling learners to deliver commissioned work and build professional portfolios.

Annual showcases connect student teams with investors, grant programmes and accelerator partners, accelerating the transition from a student side project to a full-fledged startup.

Embedding genuine enterprise activities in these curricula gives students experience testing ideas managing operations and learning from outcomes in a guided setting.

The initiative cultivates resilience creativity and fiscal discipline essential for success in Nigeria’s entrepreneurial landscape.

 EXPLORE: Over 1.5 million candidates score below 200 in 2025 UTME — JAMB