Rubicon raises 450K€ in pre-seed to launch its innovative FinTech platform in Albania » Rubicon Sh.A.

The company was advised on the raise by Deloitte Legal Shpk and received strategic guidance from Oficina Incubator (oficina.al). Commenting on the fund raise, Dr Armand Brahaj, Founder of Rubicon said: “Albania has about 60% of its population un-banked and naturally the total number of cashless payment transactions per inhabitant in Albania is among the lowest in Europe. The foundation stones are in place to allow us to exploit these anomalies through the creation of a range of payment services never witnessed in the Albanian market.” Dr.Armand Brahaj added, “Considering the digital revolution of the last 20 years and following the ever increasing traction of the Challenger Banks and FinTechs, like, Revolut, Number 26, Monzo but also e-payment solutions such as WePay, Venmo throughout the world. It is time for Albania and the wider region to also benefit from similar innovation.” Rubicon will operate under the local trademark of Pago. Rubicon leverages its proprietary technologies, intellectual property, innovative products and market intelligence to provide comprehensive and optimized financial solutions to its clients.