- Financing of planned growth secured through the use of Rubean's security software for mobile payment solutions
Munich, November 14, 2020: The capital increase of Rubean AG, Munich, (ISIN: DE0005120802, WKN: 512080) in a ratio of ten to one, amounting to 110,000 euros, has been fully completed. The remaining tranche of 36,000 shares at a price of 5.00 euros per share has been subscribed. The first tranche of 74,000 newly registered shares has already been placed in July of this year. As planned, the company now has funds of 0.55 million euros available for financing growth.
The management board expects strong growth from the use of Rubean’s patented security software, which is used in the field of mobile payment acceptance, starting in 2020. A main contract had been concluded between Rubean’s partner company and a German financial group.
About Rubean:
Rubean AG is an established software manufacturer in the financial sector for over 20 years. The company provides software solutions for seamless communication with peripheral devices in bank branches in Germany and Austria. Rubean is now growing with the development of innovative solutions for mobile payments. This includes the mobile point-of-sale terminal solution PhonePOS, which was developed in collaboration with a partner company, and the patented RubeanTag technology, which connects not only Android smartphones but also iPhones to contactless payment and customer loyalty programs. Rubean has been listed on the Munich Stock Exchange since 2016.
