DGAP-News: Swiss-based Cashcloud AG listed on the General Standard in Frankfurt as from today
DGAP-News: cashcloud AG / Key word(s): IPO
Swiss-based Cashcloud AG listed on the General Standard in Frankfurt
as from today
08.06.2015 / 08:30
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Swiss-based Cashcloud AG listed on the General Standard in Frankfurt as
from today
- Twelve million bearer shares admitted to trading
- Cashcloud app turns smartphone into an electronic wallet
- Collaboration with MasterCard(R)
- Cashcloud's eWallet to be extended to the entire euro area
Basel, Switzerland, 8 June 2015. Swiss-based Cashcloud AG (cashcloud), a
young fintech company that turns smartphones into electronic wallets, is
listed on the General Standard of the Frankfurt Stock Exchange as from
today, Monday. A total of 12 million bearer shares with ISIN CH0132106482
and WKN (German security identification number) A14NYB have been admitted
to trading. The stock symbol is KCC. This flotation is purely a
commencement of listing and did not entail a capital increase. Today is the
first day of trading for the shares. Cashcloud's stock market flotation was
lead-managed by VEM Aktienbank, Munich, with Süddeutsche Aktienbank as the
designated sponsor.
"Going public in Frankfurt gives us access to the capital market and makes
it easier for us to finance our planned growth," said Sven Donhuysen, the
founder and chairman of Cashcloud AG.
Established in 2011, the group provides private and business customers with
the mobile cashcloud eWallet, an electronic wallet for smartphones. The
free application (app) covers all key functions for paying in stores as
well as online. Payment functions are combined with coupons and the
collection of bonus points. The all-in-one solution supplements traditional
banking services with the addition of mobile payment using a smartphone and
the facility to send money to friends, without using an IBAN, as easy as
writing a text message or Whatsapp.
In collaboration with MasterCard(R), cashcloud offers its users a solution
that makes paying in stores or in online trading traceable in real time for
the first time via smartphone. At cashcloud, the payment services are
performed by licensed e-money institutions that also manage the customers'
accounts and deposits and are subject to regulatory supervision. Cashcloud
is responsible for the technical infrastructure and the programming of the
user functionalities.
The mobile cashcloud eWallet with its full range of functions is currently
available in Germany, France, Spain and the Netherlands. There are plans to
extend this in the coming months to other euro zone countries with
significant market potential.
About Cashcloud AG
The cashcloud solution, which has won numerous internationally recognised
awards, sets innovative standards in the fast-growing digital and mobile
payment transaction market. Available in Germany, France, Spain and the
Netherlands, the application has generated more than 100,000 registered
users in the past 18 months.
The solution is complemented with a prepaid MasterCard(R) and an NFC
sticker based on a partnership with MasterCard(R), making cashless and
contactless payments and money transfers between friends easier than ever
before. Cashcloud is opening up global market potential with innovative
solutions and superior technology.
The shares of Cashcloud AG (symbol: KCC; ISIN CH0132106482) are listed on
the General Standard of Deutsche Börse.
Contact:
edicto GmbH
Dr. Sönke Knop / Werner Rüppel
Phone: 0049(0)69-905505-51
Fax: 0049(0)69-905505-77
cashcloud@edicto.de
Disclaimer
This announcement does not constitute an offer of securities for sale or a
solicitation of an offer to purchase securities in Cashloud AG; it is
provided solely for purposes of information. Any information shown in this
announcement is intended exclusively for persons having their main
residence or registered office in Germany and Luxembourg. In particular,
the information in this announcement does not constitute or shall be
construed as an offer to purchase securities in Cashcloud AG for persons
having their main residence or registered office in other countries, e.g.
United States of America, Japan and Canada.
Only the information included in the approved securities prospectus of
Cashcloud AG dated May 13, 2015 is definitive for the purchase of shares in
Cashcloud AG; the securities prospectus is published on the Company's
website www.cashloud.ag in the section "Investor Relations". The approved
securities prospectus can also be requested free of charge from Cashcloud
AG (Steinenberg 19, 4051 Basel, Switzerland).
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08.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: cashcloud AG
Steinenberg 19
4051 Basel
Switzerland
Phone: +41 61 638 2052
Fax: +41 61 638 2025
Internet: www.cashcloud.ag
ISIN: CH0132106482
WKN: A14NYB
Listed: Regulated Market in Frankfurt (General Standard)
Notierung vorgesehen / Designated to be listed
End of News DGAP News-Service
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