CCV and RUBEAN AG are growing closer together

24. Juni 2021

Munich, June 24, 2021: The fintech company RUBEAN AG, Munich, (ISIN: DE0005120802, WKN: 512080, R1B: GR) and the CCV Group (headquarters in Arnhem) will further intensify their partnership and thus open up the growing tap-to-phone markets. Based on a letter of intent in accordance with the ad hoc announcement dated June 3, 2020, the parties have now agreed to bring the “CCV PhonePOS” part of the business into RUBEAN AG. The transaction will be implemented by way of a capital increase in kind, subject to the approval of the next general meeting of RUBEAN AG.

At the same time, the partners have concluded an extensive cooperation agreement, which primarily includes the implementation of development, support and sales of the jointly developed software PhonePOS. Accordingly, the CCV Group will in future control the sales activities of the PhonePOS software in the DACH and Benelux countries, while RUBEAN will set up and be responsible for sales in North and South America, the rest of Europe as well as Asia, Oceania and Africa.

For the non-cash capital increase, the issue of 600,000 new shares was agreed on the basis of a valuation report for the CCV operation. Since RUBEAN had already decided on a further capital increase, in this case in cash, the share capital is expected to increase from EUR 2,117,500 to EUR 2,717,500. The total number of RUBEAN shares will increase to 2,717,500 as a result of the contribution. With the contribution, CCV and RUBEAN combine the jointly developed solution PhonePOS solely on RUBEAN, which will grow strongly in the future. PhonePOS is the leading solution for secure, cashless payment acceptance using an Android-powered smartphone, with no additional devices required. In Germany, the Sparkassen-Finanzgruppe has already started to offer the PhonePOS solution nationwide under the name "Sparkasse POS". Other major customers are the BBVA financial group, which is the leader in Spain and Latin America, and the global payment service provider Global Payments from Atlanta/USA. The PhonePOS solution, which can be installed as an app on a conventional smartphone, is primarily aimed at smaller dealerships and tradespeople. Based on market research, 42 million potential customers were identified for PhonePOS across Europe, as well as in the USA.

"After more than five years of development work and intensive joint development, we will now also benefit from the fruits of our work together," says RUBEAN board member Dr. Hermann Geupel. "Our PhonePOS solution consists of a mobile app and connected online services that are now used by several leading banks and payment service providers to conquer a market for the acceptance of mobile, cashless payments that has not yet been developed."

Enny van de Velden, BoD Member, spokeswoman for the management of the CCV Group and member of the RUBEAN Supervisory Board: “We see tap-to-phone solutions as one of the most important innovations in the payment area in recent years, which will have a decisive impact on this market in the future. With PhonePOS, CCV and RUBEAN were able to gain an excellent market advantage, especially in Germany with acceptance of the Girocard. We will now further expand this with CCV in the function as anchor shareholder of RUBEAN AG outside of CCV's core markets and further deepen the excellent and important partnership between the two companies."


RUBEAN AG has been a software manufacturer in the financial sector for 20 years. The company is growing with the development and marketing of the innovative, mobile point-of-sale terminal solution PhonePOS, which RUBEAN developed together with its partner CCV. RUBEAN has been listed in the premium segment m:access of the Munich Stock Exchange with the abbreviation R1B since April 2020. RUBEAN shares have recently been listed alongside Munich, Frankfurt/M. and Berlin are also traded on Tradegate, Quotrix and the Düsseldorf Stock Exchange.

About CCV

CCV's international payment division stands for innovation and many years of expertise in all areas of cashless payment. With a holistic view of the customer journey, CCV offers omni-channel payment solutions for network operations, retail, hotels, vending, EV charging & mobility. The portfolio, which focuses on major customers, includes both efficient standard solutions and individual, tailor-made developments. CCV payment solutions are market leaders in the Netherlands and are also used in 22 other European countries. The CCV Group, headquartered in Arnhem (NL), has branches in the Netherlands, Belgium and Germany.

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