Rubean AG raises capital

18. Juni 2021

18. Juni 2021 – München: The fintech company RUBEAN AG, Munich, (ISIN: DE0005120802, WKN: 512080) is planning a capital increase with subscription rights in Volume of up to EUR 3.8 million through the issue of up to 302,500 new shares a subscription price of EUR 12.50 per share in order to finance the further growth of the company. The Management Board, with the approval of the Supervisory Board, decided to increase the share capital from the previous EUR 1,815,000 to EUR 2,117,500 by partially utilizing an existing authorized capital in a ratio of six to one. the Small & Mid Cap Investmentbank AG, Munich, will issue new shares from the announcement of the subscription offer, presumably between July 15th and July 15th 2021 until July 29, 2021, at a subscription price of EUR 12.50 per share by way of a indirect subscription rights offered.

RUBEAN will invest the new funds in the expansion of sales and in the further development of its solution called PhonePOS, which is an Android-based payment acceptance solution. PhonePOS allows smaller merchants and Traders can receive payments with an Android-powered smartphone without the need for additional devices. RUBEAN has already started with the Establishment of sales offices in the Middle East, London and New York started. In addition, the number of software developers is increasing to accommodate the growing to be able to fulfill development tasks.

About Rubean

Rubean AG has been an established software manufacturer in the financial sector for 20 years. The enterprise is now growing with the development of innovative solutions for mobile payment. This includes the mobile point-of-sale terminal solution PhonePOS, which was developed in cooperation with CCV, and the patented RubeanTag technology, which in addition to Android smartphones and iPhones to contactless Connects payment and customer loyalty programs. Rubean is in the m: access of the Munich Stock Exchange as well as in Freiverkehr Frankfurt, Berlin and Düsseldorf and listed on Tradegate and Quotrix.

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