Rubean AG completes capital increase in full

Rubean AG schließt Kapitalerhöhung vollständig ab

30. Oktober 2020

30. Oktober 2020 – München: The fintech company Rubean AG, Munich, (ISIN: DE0005120802, WKN: 512080) has been able to fully place its capital increase that 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, each with a proportionate amount of the company's share capital of EUR 1.00, 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 EUR 1.65 million. The issue price was EUR 5.00 per share. The subscription agent was Small & Mid Cap Investmentbank AG, Munich. Bankhaus Gebr. Martin AG, Göppingen is responsible for processing.

With the new funds, RUBEAN will expand its capacities in order to be able to use the great market opportunities for the payment acceptance solution "PhonePOS" developed jointly with the CCV Group BV, Arnhem (NL). It is a software solution that transforms a retailer's smartphone or tablet into a point of sale terminal with which retailers can accept contactless card payments from their customers anywhere.

The software solution has meanwhile been approved for extensive pilot tests by the two world-leading credit card organizations Mastercard (ISIN: US57636Q1040) and VISA (ISIN: US92826C8394), which a leading German financial group will carry out shortly. RUBEAN expects considerable demand for the payment acceptance solution not only in Germany, but also across Europe.

In August, RUBEAN had already received orders from the BBVA Group (NYSE: BBVA), Bilbao, the second largest bank in Spain and one of the leading banks in Latin America and the USA, and from Global Payments Europe (GPE), Prague, a subsidiary of Global Payments Inc. ( NYSE: GPN), a leading global payment service provider. With the funds from the capital increase, RUBEAN was able to accept further orders.

About Rubean

RUBEAN AG has been an established software manufacturer in the financial sector for 20 years. The company offers, among other things, Software solutions for smooth communication with peripheral devices in bank branches. In the meantime, RUBEAN is growing with the development and marketing of the innovative, mobile point-of-sale terminal solution PhonePOS, which RUBEAN developed together with partner CCV. RUBEAN has been listed in the premium segment m: access of the Munich Stock Exchange with the symbol R1B since April 2020.

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