Cyclebit Group has paid out convertible loans

Cyclebit Group hat Wandeldarlehen ausgezahlt

20. Juni 2022

München, 20. Juni 2022: The CYCLEBIT GROUP LTD (“CYCLEBIT”), Lemesos/Cyprus, a fintech company in the payment sector was approved a convertible loan to Rubean AG (ISIN: DE0005120802, WKN: 512080) at the Annual General Meeting in March. Overall EUR 3.4 million Rubean received.

In return CYCLEBIT has the right to convert the loan receivable of 271,750 Rubean shares. Without the convertation the loan runs for two years and has an interest rate of 3.0 percent p.a. The two companies are now testing the possibility of extensive cooperation.

About Cyclebit Group: Founded in 2012 the Cyclebit Group is a global provider for payment and SaaS. Core products include card acquiring, point-of-sale (POS) service and marketplace Solutions. The company recently introduced crypto and SoftPOS offerings. Both are Billion-dollar industries in which the company already has a leading position in selected markets. In 2019 the company reached the breakeven and is currently growing profitably at an exponential rate.

About Rubean: Rubean AG has been a software manufacturer in the financial sector for 20 years. The Company is now growing with the development of innovative solutions for mobile payments. These include the mobile point-of-sale terminal solution PhonePOS developed in cooperation with CCV. Rubean is in the m:access of the Munich Stock Exchange and also listet in the over-the-counter market in Frankfurt, Berlin and Düsseldorf as well as on Tradegate and Quotrix.

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