Enterprise AI deals are easy to announce. Structuring one that actually ties revenue to outcomes rather than just deliverables is a different matter entirely. NowVertical Group’s three-year agreement with a regional fintech operating across Argentina, Colombia and Mexico is built around that harder version of the problem, pairing a Google Cloud licensing partnership with AI delivery services under a single contract.
Total contract value sits at approximately USD $4 million across the three-year term.
What the Numbers Look Like in Practice
The Google Cloud licensing piece will generate net revenue to NowVertical at roughly 10% of licensing value after third-party costs, recognised under IFRS. The AI solutions and professional services work alongside it is expected to come in at the company’s targeted gross margin profile.
NowVertical holds the role of licence partner of record for the client’s multi-year Google Cloud consumption commitment. That means commercial responsibility and delivery responsibility sit with the same company, which is a less common arrangement than it might sound. Most enterprise technology engagements still separate the platform conversation from the implementation conversation, often because different vendors hold different pieces. Clients across sectors have been pushing back on that fragmentation for a few years now, preferring relationships where one party owns the full picture. Verkada built its entire market position in physical security around exactly that logic, combining hardware, software and ongoing intelligence into one relationship rather than three separate procurement decisions.
The Actual Work Underneath the Announcement
The engagement covers Google Gemini deployment, AI agent capabilities and workflow automation. Those are the visible parts. The less visible work is connecting the client’s customer, financial and operational data environments into something coherent enough for any of the model-level work to produce reliable outputs.
This is where most enterprise AI projects run into trouble. Not at the model layer. At the data layer underneath it.
Fragmented systems that were never designed to share information do not suddenly cooperate because a capable model sits on top of them. NowVertical’s NowUnlock AI delivery framework is built to address that gap specifically, creating a path from data modernisation through to applied AI across selected workflows rather than assuming the foundation is already there.
A fintech running across three markets, each with its own regulatory requirements and customer data structures, has more of that fragmentation to deal with than most. Getting it right before scaling anything is not caution. It is just the sequence that works.
How the Relationship Got Here
This did not begin as a four million dollar deal. NowVertical came in on a services basis, delivering specific work without any broader platform or licensing role attached to it.
The expansion reflects what happened after that initial work. Sandeep Mendiratta, Chief Executive Officer of NowVertical, described where things stand now: “Clients are requesting that their AI initiatives generate meaningful business value. With this engagement, our client is putting Gemini and our NowUnlock AI delivery framework to work on Google Cloud, and NowVertical is accountable for both the AI outcomes and the cloud foundation behind them. It is exactly the kind of integrated, multi-year Strategic Account relationship we are scaling.”
Worth noting is that clients pushing for outcome accountability is not new sentiment. What has changed is the willingness to walk away from vendors who cannot demonstrate it. The AI space has produced enough expensive disappointments that procurement teams in financial services are asking harder questions earlier in the process than they were two or three years ago.
Why Latin America Matters for This Particular Deal
Argentina, Colombia and Mexico are not interchangeable markets. Each carries distinct fintech dynamics, different regulatory postures and varying levels of institutional readiness for AI infrastructure investment. A deal that works across all three simultaneously is more complex to structure than a single-market engagement.
For NowVertical the geography matters for reasons beyond this one client. The integrated Google Cloud and AI delivery model the company is building around needs reference points in markets where that capability is in demand but not yet oversupplied with vendors who can credibly deliver it. Latin American fintech is one of those markets right now.
Three years is a reasonable window to find out whether this agreement becomes a template or a one-off.
Research and Intelligence Sources:NowVertical
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