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RedCloud Announces Expansion of Its Open Commerce Marketplace

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RedCloud Announces Expansion of Its Open Commerce Marketplace

Our goal is to help FMCGs around the world, their distributors and vendors, grow their business on their terms, connecting them directly anywhere, anytime.

LONDON, UK, November 9, 2021 / APO Group / –

RedCloud (www.RedCloudtechnology.com) announced the availability of its Open Commerce Platform, a decentralized marketplace for B2B buyers and sellers, in Argentina, Brazil, Peru, Nigeria, South Africa and Mexico. The platform, accessible through the Red101 application, now has a pipeline of one million merchants, with more than 270,000 merchant downloads to date.

Designed to ensure frictionless commerce, RedCloud’s open commerce platform was developed after years of researching digital solutions to solve the financial, operational and logistical challenges faced by FMCGs, distributors and local merchants around the world. whole.

RedCloud has found that for brands, local supply chain infrastructure is inadequate or too difficult to access, meaning that a typical FMCG business will never reach a tiny fraction of potential traders.

RedCloud’s technology allows any brand to connect their local distributors and sellers through a single API. With the Red101 app, brands and retailers can see where their products are going and how they are performing.

Justin Floyd, Co-Founder and CEO of RedCloud commented, “We provide a frictionless platform where any brand in the world can connect to any seller. This is what open trade means. Every supply chain is broken. Commerce is dysfunctional and chaotic, and markets like Amazon don’t trust brands or sellers. Our goal is to help the world’s FMCGs, their distributors and vendors, grow their business on their terms, connecting them directly anywhere, anytime.

The platform allows traders to create a digital trading profile, so that they can complete all transactions digitally and upload their physical money to deposit points or ATMs. Additionally, by getting a clearer picture of each trader’s performance, RedCloud can provide inventory and asset funding through the Red101 app.

RedCloud’s open commerce platform uses a transactional model, charging a 4% commission on all products sold through its platform. There are no fees for payments and RedCloud does not charge transaction fees for processing payments.

For more information on RedCloud, visit RedCloudtechnology.com.

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