Rubean AG Anticipates Significant Growth Trajectory

Rubean AG, a Munich-based fintech firm, has announced its expectation of sustaining a considerable revenue uptick throughout 2024. After achieving sales surpassing EUR 1 million in 2023, the company's management anticipates this figure to more than double, reaching approximately EUR 2.2 million to EUR 2.5 million in 2024. This trajectory is expected to propel the company into achieving double-digit million revenues for the first time by 2026 or 2027, with a projected EBIT margin of approximately 40 percent.

The company credits this optimistic forecast to a series of new contracts and the escalating demand for mobile payment acceptance systems. With the mobile payment acceptance market still in its nascent stages, Rubean's CEO, Dr. Hermann Geupel, highlights the stiff entry barriers due to the necessity of security certifications, positioning Rubean advantageously in the competition. Particularly, Rubean's capability to accept girocard payments on a mobile device is emphasized as a key differentiator.

Rubean's app is gaining traction among a broad spectrum of retailers, from small merchants to large corporations, due to its operational compatibility with existing smartphones or handheld devices without needing additional hardware. Rubean’s partnerships span across logistics companies in Europe and prominent banks, offering their corporate clients the Rubean app alongside their banking applications. Rubean’s revenue model benefits from both software license fees and transaction-related earnings.

Looking ahead, the company projects a user base exceeding one million for its Rubean app by the end of 2025, indicative of its exponential growth in user adoption.