Swiss-based Cashcloud AG listed on the General Standard in Frankfurt as from today

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®
• 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®, 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.

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).

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® and an NFC sticker based on a partnership with MasterCard®, 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

This release was published on openPR.