NowVertical Signs $4M Three-Year AI and Google Cloud Agreement with Leading Latin American Fintech
| The Manila Times
TORONTO, May 14, 2026 (GLOBE NEWSWIRE) -- NowVertical Group Inc. (TSXV: NOW) ('NowVertical” or the 'Company”), a data and AI solutions and services provider, today announced the signing of a three-year Google Cloud and AI solutions agreement with a leading regional fintech operating across Argentina, Colombia and Mexico. The agreement has a total contract value of approximately USD $4 million over the three-year term. The Google Cloud licensing component is expected to generate net revenue to the Company at approximately 10% of the licensing value, net of anticipated third-party licensing costs and related expenses, with revenue recognition to be recorded in accordance with IFRS. The associated AI solutions and professional services will be delivered in line with the Company’s targeted gross margin profile.