Rubean AG, a Munich-based FinTech company specializing in software point-of-sale (SoftPOS) solutions, announced at its annual shareholders' meeting on Wednesday that it expects consolidated revenue to grow significantly to between 5.0 million and 6.0 million euros in 2026, up from 3.71 million euros in the previous year. Co-CEO Jochen Pielage reported that revenue in the first half of the year rose by approximately 50 percent to 2.4 million euros, driven by strong growth in recurring revenue from the company's SoftPOS software.
Pielage emphasized that recurring revenue—fees from software usage—is becoming increasingly profitable and is expected to account for half of the 2026 annual revenue, more than doubling from the previous year. This shift toward recurring revenue is central to Rubean's strategy, as it provides a stable and predictable income stream. The company anticipates that this trend will continue, leading to monthly breakeven in 2027 and a positive net income for the full year for the first time.
Rubean's technology replaces traditional card readers with a software app that can be replicated on smartphones without the need for additional hardware. This enables retailers, restaurants, delivery services, and other businesses to accept cashless payments. The company has already established itself as a market leader in Germany and Spain and has expanded into other European markets, including Switzerland, France, and the United Kingdom, with support from major banks and payment service providers. It has also entered markets in North and South America.
Pielage noted that Rubean now partners with 19 major banks, including German Sparkassen, BBVA in Spain, and Commerzbank, as well as internationally active payment service providers. The company is focused on expanding its sales operations, particularly with the addition of Stephan Kuck to the Executive Board. For more information about Rubean and its PhonePOS solution, visit www.rubean.com. The original press release is available at www.newmediawire.com.
