Rubean AG, a rapidly growing FinTech company based in Munich, announced at its annual shareholders' meeting on Wednesday that it expects consolidated revenue to rise significantly to between 5.0 million and 6.0 million euros in 2026, up from 3.71 million euros in the previous year. The company's revenue grew by over 50 percent to 2.4 million euros in the first half of the year, driven by strong demand for its SoftPOS software, which replaces traditional card readers with a smartphone app.
Co-CEO Jochen Pielage emphasized that recurring revenue, which refers to fees for using Rubean's software, is growing strongly and is expected to account for half of 2026's annual revenue. “That is significantly more than in the previous year,” Pielage said. This shift toward recurring revenue is crucial for the company's profitability, as it provides a stable and predictable income stream. Pielage further stated that this positive trend will continue into 2027, with the company reaching monthly breakeven and closing the year with positive net income for the first time.
Rubean's technology enables small and large retailers, restaurants, delivery services, and other businesses to accept cashless and mobile payments without the need for additional hardware. The software point-of-sale terminals can be replicated as needed, eliminating logistical overhead. Rubean has already established itself as a market leader in Germany and Spain and has successfully entered other European markets, including Switzerland, France, and the United Kingdom, with support from major banks and payment service providers. The company has also expanded into North and South America.
“We now work with 19 major banks, including the German Sparkassen, BBVA in Spain, and Commerzbank, as well as internationally active payment service providers in Europe and in North and South America,” Pielage said. He added that the groundwork has been laid for expanding a very successful sales operation, especially with the help of new Executive Board member Stephan Kuck.
The implications of Rubean's growth are significant for the payments industry and retailers. As more businesses adopt software-based payment solutions, the reliance on physical card readers may diminish, reducing costs and increasing flexibility for merchants. Rubean's success also highlights the growing acceptance of SoftPOS technology among major financial institutions, which could accelerate its adoption worldwide. For investors, the company's path to profitability in 2027 signals a maturing business model with strong recurring revenue potential.
Rubean AG is listed on m:access and over-the-counter trading venues, including XETRA. For more information, visit www.rubean.com. The original press release is available at www.newmediawire.com.
