NetSol Technologies announced a $10 million+ contract with a tier‑one U.S. auto‑captive finance company in China, launching its Transcend Finance platform in the country.
The deal adds a significant recurring revenue stream to NetSol’s subscription‑first model and underscores the scalability of its modular, AI‑enabled platform across geographies.
It strengthens NetSol’s presence in China, where the company already serves OEMs and local financiers, and signals its ability to win large, high‑margin contracts in key growth markets.
NetSol’s recent financials show revenue growth but margin compression due to front‑loaded investments and foreign‑currency movements; the new contract is expected to help offset these headwinds by boosting recurring revenue.
CEO Najeeb Ghauri highlighted the deal as a milestone, stating, "This $10M+ go‑live puts Transcend Finance into production for a tier‑one auto captive in China. We're now focused on the next phases of rollout."
Omar Ghauri added, "This deployment shows we can execute at enterprise scale while meeting the needs of China's auto finance market."
Investors are focusing on profitability concerns, but the new contract demonstrates NetSol’s strategy to grow recurring revenue and leverage its AI platform.
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