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RedCloud Signs 3-Year Argentina Agreement, Forecasting $20m Revenue and $1.2Bn in FMCG Trade through RedAI
London and Buenos Aires, Aug. 17, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (Nasdaq: RCT) today announced a three-year agreement with Golomax and Picking Up (“Picking Up!”) in Argentina. Under the agreement, the parties are forecasting shared revenues over the three year term of the agreement, expected to represent approximately $1.2Bn in traded goods transacted through RedAI. The Company forecast RedCloud’s share of the revenue generated to be approximately $20m, comprising around $13m dig
About this update from Redcloud Holdings Plc
London and Buenos Aires, Aug. 17, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (Nasdaq: RCT) today announced a three-year agreement with Golomax and Picking Up ("Picking Up!") in Argentina. Under the agreement, the parties are forecasting shared revenues over the three year term of the agreement, expected to represent approximately $1.2Bn in traded goods transacted through RedAI. The Company forecast RedCloud's share of the revenue generated to be approximately $20m, comprising around $13m digitization revenue through RedAI, approximately $4m in RedAI RAID revenue and $3m in fees for trade growth enabled for Golomax and Picking Up!. Golomax serves 523 wholesalers and distributors across 12 FMCG categories, with products sourced from over 200 providers. Around 40,000 buyers transact across the network each year, generating approximately 500,000 orders over the trailing 12 months.1 RedCloud intends to deploy RedAI RAID (Realtime AI for Distribution) into the Golomax and PickingUp! ecosystem and share in the value it creates under a revenue-share model linked to the growth forecast. The agreement has an initial 3 year term that is automatically renewed every year thereafter subject to termination by either party. This is a different route to market for RedCloud. Until now, the Company operates the trading infrastructure directly. In its joint ventures, it builds new operations with a local partner. Here the network already exists — RedCloud supplies the intelligence that runs on it and shares in what that creates. The Company sees the model as repeatable with other established independent networks in high-growth FMCG markets. RAID is expected to be deployed into the ecosystem's existing systems, alongside RedCloud's first RedAI Specialist Agents, being built on a blend of Anthropic and OpenAI models, depending on their various merits for given tasks. The models and RAID algorithms are to be trained on RedCloud's proprietary FMCG transactional dataset, representing $6.9 billion in traded value.2 Argentina is one of the four markets that dataset was built from. The agreement follows RAID's ongoing deployment phase in Türkiye and a five-year licence agreement of up to $30 million in Saudi Arabia, both earlier in 2026. Justin Floyd, CEO of RedCloud, "We can now work with trading networks that already exist rather than building our own. We believe this is a mor...
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