The Warwickshire-based maker of "flat-pack" electric trucks for Africa is facing liquidation unless a rescue deal is found by the weekend. It is a stark reversal for a company that recently touted a $163m expansion deal.
Redtech, the Nigerian fintech subsidiary of Tony Elumelu’s Heirs Holdings, has announced it processed $20.6bn (₦30tn) in total transactions during the 2025 financial year.
The Warwickshire-based maker of "flat-pack" electric trucks for Africa is facing liquidation unless a rescue deal is found by the weekend. It is a stark reversal for a company that recently touted a $163m expansion deal.
Redtech, the Nigerian fintech subsidiary of Tony Elumelu’s Heirs Holdings, has announced it processed $20.6bn (₦30tn) in total transactions during the 2025 financial year.
The Cape Town-based fintech has secured R340m ($21m) in local currency funding from the Dutch development bank FMO to bridge the country's massive credit gap.
