The Executive Board of Rubean AG, a Munich-based FinTech company, announced at its annual shareholders' meeting that it expects consolidated revenue to rise to between 5.0 million and 6.0 million euros in 2026, up from 3.71 million euros in the previous year. This growth is underpinned by a strong first-half performance, where revenue increased by approximately 50 percent to 2.4 million euros. Co-CEO Jochen Pielage highlighted that recurring revenue from the company's SoftPOS software is driving profitability, with half of 2026's annual revenue expected to come from this source, a significant increase from the prior year.
Rubean's technology replaces traditional card readers with a software app, enabling retailers to accept cashless payments without additional hardware. The company has become a market leader in Germany and Spain and has expanded into other European markets, including Switzerland, France, and the United Kingdom, as well as North and South America. Pielage noted that Rubean now partners with 19 major banks, such as German Sparkassen, BBVA in Spain, and Commerzbank, along with international payment service providers. The company's expansion strategy is supported by new Executive Board member Stephan Kuck.
Looking ahead to 2027, Rubean expects to achieve monthly breakeven and close the year with positive net income for the first time, driven by continued growth in recurring revenue. This positive outlook underscores the company's transition from a growth-focused phase to a profitability-focused phase, leveraging its software-only point-of-sale solutions. More information about Rubean and its PhonePOS solution is available at www.rubean.com.
The original press release can be viewed at www.newmediawire.com.
