- Total of 302,500 shares placed at a price of 12.50 euros
- Financing further growth
November 18, 2021 – Munich: Fintech company Rubean AG, based in Munich (ISIN: DE0005120802, WKN: 512080), has successfully completed the second part of its capital increase launched in June. A total of 302,500 shares were placed at a price of 12.50 euros, bringing a total of 3.78 million euros of fresh funds to Rubean. The company’s share capital now amounts to 2,717,500 euros.
Rubean will invest the funds in further developing the Soft-POS solution PhonePOS, which reached market readiness earlier this year and has already received major orders from the German Sparkassen Group, Global Payments, and BBVA, among others. In addition, Rubean plans to expand its sales and marketing activities in Europe and the USA.
The PhonePOS app, when loaded on Android smartphones, enables contactless payment acceptance without the need for additional hardware. In the growing market of cashless payments, Rubean’s white-label software solution is tapping into a new market with approximately 42 million small merchants and business owners throughout Europe, as well as significant customer potential in North and South America.
About Rubean:
Rubean AG is an established software manufacturer in the financial sector with 20 years of experience. The company is now growing by developing innovative solutions for mobile payments. This includes the mobile point-of-sale terminal solution PhonePOS, which was developed in collaboration with CCV. Rubean is listed on m:access of the Munich Stock Exchange, as well as on the Frankfurt, Berlin, and Düsseldorf stock exchanges, and on Tradegate and Quotrix.
