Product Release and R&D highlights include: • Artificial Intelligence (AI) Labs mining large quantities of first-party trading data through machine learning to expose actionable trading recommendations, exploring a range of benefits, including price benchmarking, inventory prediction and smart buying recommendations for customers.• Agentic AI virtual trader technology that sources and sells bulk inventory in over the phone using a conversational interface that negotiates product options in required quantities, timing, delivery and pricing.• Red101 Smart Assistant enabling retailers to stock their store with better products by understanding what is selling in volume locally, getting recommendations on alternative products, or finding prices and best delivery from multiple local suppliers.• Retail Opportunity Maps interactive maps for brands, distributors and wholesalers to visually identify untapped retail growth opportunities.
Full Year 2024 business highlights include: • 184,731 products from 6,765 brands actively traded in bulk across the platform - from pharmacy to packaged goods, cooking oil, fresh meat and fish, highlighting breadth and depth of coverage across key FMCG categories.• 33,786 Retailers purchasing essential food and supplies for consumers across large networks of independent and small-chain grocery stores, restaurants and bars in some of the most densely populated urban locations where it can be hard to find consistent supply to match demand.• 760 trading Brand & Distributor customers, an increase of 175% YoY, trading, storing and transporting inventory in various bulk quantities to local distributors and wholesalers, satisfying supply-chain and consumer demand geographically and across key FMCG product categories.
With strong progress in our trading volume, TTV and revenue results and the with exciting new AI and platform features above, we believe growth across key metrics demonstrates solid business momentum.” About RedCloud Holdings plc ("RedCloud” or "The Company”) RedCloud has developed and operates the RedAI Trading platform (the "Platform”), that facilities the trading of everyday consumer supplies of fast-moving consumer goods ("FMCG”) products across business supply chains.
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