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Our corporate strategy and

investment proposition

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Corporate Overview

Business Description

Rubean AG develops software for highest quality and security demands of banks and all corporations, which take an active part in electronic payment. Rubean’s latest developments in the daughter company Smart Payment Solutions (SPS) GmbH enables a merchant Point-of-Sale terminal, called PhonePOS as pure smartphone app. The entire solution complies with Mastercard’s and VISA’s latest requirements.

With a core staff experienced in information technology for banks, young app developers and a management which is experienced in international sales, Rubean exploit the opportunities of the dynamic smartphone environment.

Market Development and Competition

The increasing distribution of increasingly powerful smartphones change also the way of on-site payments. In China people pay phone-to-phone by scanning a pixel code (QR code). In Europe the smoother contactless (NFC) payment method prevails. Mastercard and VISA support the concept of a “smartphone-only” payment terminal since 2017, in order to attract small and mobile merchants to accept contactless payments.

In cooperation with the Dutch-German POS terminal manufacturer CCV, Rubean is one of the worldwide first and most advanced solution providers in this burgeoning market segment. We have a competitive advantage in the form of early market entry and numerous patent applications which protect innovative solution attributes.

Shareholder Structure

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Trade Data

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Company Key Figures

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Corporate Calendar

  • Planned General Meeting (hybrid): 20th August 2021

  • End of the financial year: 31st December 2020


Reports and Publications

Since 17th April 2020 the company reports are limited to the necessary and audited parts. The additional voluntary, not audited parts have been deleted.​

Rubean AG – Like diamonds in the sky

Rubean AG is a FinTech company listed on the German stock exchange but – at present – hardly known to the institutional investment community given its relatively small size, limited free float and admittedly mediocre track record. However, recent major customer wins such as “Sparkassen”, BBVA or Global Payments, now puts Rubean at an inflection point of strong top- and bottom-line growth.


In a nutshell, Rubean offers small and medium sized merchants and even individual entrepreneurs a safe, cost effective and seamless opportunity to accept cashless payments using their own mobile phones as payment terminals for NFC enabled payment cards or smartphones. With this so called phonePOS, Rubean is targeting a market of up to 42m micro merchants in Europe creating an uncontested market space worth EUR 2.5bn p.a. (eAR).


Consequently, sales are seen to skyrocket with CAGR growth of c. 130% p.a. (20- 24E). Even more importantly, earnings are seen to turn positive as soon as 2023E on the back of a highly scalable business model which eventually allows for EBITDA margins in excess of 40%+ - similar to other payment solutions providers. Rubean additionally benefits from conservative German accounting standards (HGB) with virtually 100% of development costs having been expensed rather than capitalized on the balance sheet. Potential new investors therefore benefit from five years of intensive software development that has already been incurred by former shareholders, incl. its management, founders and strategic partners CCV Group, the industry

Consequently, we believe that an investment in Rubean represents a rare opportunity to participate from a fast growing, highly scalable business model ...


General Meetings

Rubean AG invites their shareholders to the

Ordinary General Meeting on August 20, 2020 at 10.00 a.m.

For information on our General Meeting please refer to our German Language Website.


Fair Disclosure Policy / Corporate Governance

Goal of Rubean’s Corporate Governance is to manage and supervise the company in a responsible way and create and maintain long-term added value with Rubean. Further substantial aspects of Rubean’s Corporate Governance are an efficient cooperation between the executive and advisory board, attention to the shareholders‘ interests and openness and transparency in the corporate communications.

This aims at promoting trust of national and possibly also international investors, customers, stuff and the public in the management and supervision of German listed companies.

Rubean AG appreciates the creation of the Corporate Governance Codex and its anchoring in the Stock Corporation Act in § 161. Therewith a range of criteria for assessing the quality of corporate governance has been established.

We like to point out that to date Rubean’s executive and advisory board haven’t been subject to an annual statement according to the obligations of §161 AktG, stating to what extent the recommendations of the „Government Commission German Corporate Governance Code“ was and is complied with, since the company wasn’t listed according to §3 Abs. 2 AktG. Rubean AG‘s executive and advisory board haven’t issued a voluntary declaration of compliance with §161 AktG. At the date of the publication of the Prospectus, Rubean AG is not pursuing the German Corporate Governance Code.

However the advisory and executive board of Rubean AG will issue a declaration of compliance with the Government Commission German Corporate Governance Code. Like other companies also Rubean AG can’t comply with all criteria, since the Code is a standardized document applying for major and international blue chip companies as well as for minor and eventually just nationally acting, listed companies. Minor companies may not fulfill certain criteria. The according deviations need to be explained.

Security Prospectus

Rubean AG invites their shareholders to the

SECURITY PROSPECTUS for the offer to the public of 440.000 new no-par value bearer shares and the listing in the m:access segment (Open Market) of the Stock Exchange Munich.

International Securities Identification Number (ISIN): DE0005120802
Security Identification Number (WKN): 512080
Ticker Symbol: R1B

24th April 2020