RedCloud signs three-year Argentina deal worth $1.2bn in goods

London and Buenos Aires - RedCloud Holdings plc, a British company specializing in market intelligence and trading infrastructure for FMCG products, has signed a three-year agreement with Golomax and Picking Up, distribution and retail ecosystems operating in Argentina. The deal, valued at $1.2 billion in traded goods, is set to generate approximately $20 million in revenue for RedCloud, with $13 million coming from digitization, $4 million from RAID (Realtime AI for Distribution), and $3 million in fees for trade growth.

The agreement will see RedCloud deploy RAID into the existing systems of Golomax and Picking Up, utilizing AI models trained on RedCloud's FMCG transactional dataset, representing $6.9 billion in traded value. The three-year term of the pact is expected to automatically renew annually unless terminated by either party.