RUBEAN AG completes capital increase successfully

18. November 2021 – München : The fintech company Rubean AG, Munich, (ISIN: DE0005120802, WKN: 512080) has also successfully completed the second part of the capital increase. A total of 302,500 shares were placed at a price of EUR 12.50. Rubean received a total of EUR 3.78 million in fresh funds. The company's share capital is now EUR 2,717,500.

Rubean is investing the funds in the further development of the Soft POS solution PhonePOS, which will be ready for the market at the beginning of this year and has already received major orders from among others, the German savings bank group, Global Payments and BBVA. In addition, Rubean plans to expand sales and marketing activities in Europe and the USA.

The PhonePOS app - loaded on Android smartphones - enables contactless payment acceptance without additional hardware. In the growing market for cashless payments, Rubean's white label software solution is opening up a new market with around 42 million smaller retailers and dealers across Europe and further significant customer potential in North and South America.

About Rubean

Rubean AG has been an established software developer 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, which was developed in cooperation with CCV. Rubean is listed on the m:access of the Munich Stock Exchange as well as on the Frankfurt, Berlin and Düsseldorf OTC markets and on Tradegate and Quotrix.