RUBEAN AG increases capital

27. April 2020 – München: The fintech company Rubean AG, Munich, (ISIN: DE0005120802, WKN: 512080) was able to fully place its capital increase, which it started before the summer. This increases the share capital by 440,000 shares to 1.65 million shares. The new no-par value bearer shares with a proportionate amount in the company's share capital of EUR 1.00 each come from authorized capital. With the implementation of the capital measure, RUBEAN's share capital will increase at a ratio of 2.75 to one to 1.65 million euros. The issue price was 5.00 euros per share. The. The point of purchase was the Small & Mid Cap Investmentbank AG, Munich. The bank Gebr. Martin AG, Göppingen, is responsible for the processing.

The shareholders are granted the statutory subscription right. It starts on May 4, 2020 and runs until May 18, 2020. The subscription ratio is 11 old to 4 new shares. The subscription right for fractional amounts is excluded. The subscription point is Small & Mid Cap Investmentbank AG, Munich. The bank Gebr. Martin AG, Göppingen, is responsible for the processing.

With the new funds, RUBEAN will expand its capacities in order to be able to take advantage of the great market opportunities for the “PhonePOS” payment acceptance solution developed jointly with the CCV Group BV, Arnhem (NL). It is a mobile app for smaller retailers and traders that accepts contactless card payments on smartphones or tablets without the need for an additional card reader.

The solution has since been approved for pilot projects by the two leading credit card organizations worldwide, Mastercard (ISIN: US57636Q1040) and VISA (ISIN: US92826C8394). A leading German financial group wants to start such a pilot project shortly. RUBEAN is also negotiating with other banks across Europe to pilot the new point-of-sale terminal in the form of a mobile app.