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Soumaya Hamzaoui
Soumaya Hamzaoui is the Co-Founder and Chief Operating Officer (COO) of RedCloud Technologies, a British fintech company established in 2014. RedCloud focuses on enhancing global trade by connecting manufacturers, distributors, and merchants through its Intelligent Open Commerce Platform, which leverages AI-driven insights to facilitate real-time payments and improve access to financial services. The platform has successfully enabled over 100,000 active local merchants and facilitated trade valued at over $1 billion, particularly in emerging markets.12
Background and Career
Originally from North Africa, Soumaya moved to France to pursue engineering studies. This experience exposed her to diverse cultures and ignited her passion for empowering underrepresented communities, particularly women. Before co-founding RedCloud with Justin Floyd, she worked as a consultant where she contributed to the development of Orange Money, a digital payments service in Africa. This role provided her with insights into the potential for financial technology in the region, leading her to establish RedCloud with the aim of addressing inefficiencies in B2B payments and supply chains.123
Role at RedCloud
As COO, Soumaya oversees various aspects of the company including operations, product strategy, design, business development, and customer engagement. Her responsibilities also encompass ensuring effective collaboration among departments and addressing key trends in customer behavior to enhance the platform's offerings.24 Under her leadership, RedCloud aims to expand its presence across Africa by 2028 and is focusing on developing AI-driven solutions to improve customer experiences and trading practices.23
Impact and Vision
Soumaya is committed to using technology as a tool for economic and societal advancement. She emphasizes the importance of creating solutions that not only drive profitability but also foster financial inclusion among underserved communities. Notably, 80% of RedCloud's distributors in Nigeria are women, highlighting the company's dedication to empowering female entrepreneurs.13
Through her work at RedCloud, Soumaya Hamzaoui continues to make significant contributions to the fintech industry while championing innovative practices that promote equitable commerce globally.
