Dev.al, one of the leading software development companies based in Tirana, Albania, has announced the acquisition of the majority of shares in Rubicon, a company licensed by the Bank of Albania as an Electronic Money Institution, and a Principal Member of Mastercard. With this strategic move, dev.al consolidates its position in the services sector, offering a complete suite of solutions to its clients.
With a client portfolio of more than 20,000 merchant entities in Albania, dev.al has established itself as a trusted name in the software development field, known for its innovative solutions and commitment to unparalleled quality and customer service. The acquisition of the controlling stake in Rubicon marks a significant milestone in dev.al's journey, entering the field of fintech electronic payment solutions.
Rubicon, known for its instant payment service through its Pago app, issuance of debit cards, POS (Point of Sale) devices for card payments, and vPOS (virtual POS for e-commerce), aligns perfectly with dev.al’s vision to complete its offering to its customers. By integrating Rubicon and Pago into dev.al, clients can expect a broader range of services and a higher level of convenience in managing their financial transactions.
"We are very pleased to have completed this agreement. Having positioned ourselves as the leading company in billing and sales solutions, expanding our offering with a payment solution was a natural step for us," said Igli Gjelishti, founder and head of dev.al. "This purchase represents a strategic opportunity to expand our presence in the financial services sector and to meet our clients' needs. Together, we are ready to offer innovative solutions that promote growth and encourage financial inclusion," he added.
As part of the dev.al Group, Rubicon and Pago will continue to operate under their existing brands, leveraging the resources and expertise of dev.al to accelerate their growth trajectory. The synergies between the two companies will pave the way for improved product development, higher market penetration, and better customer service.
"We are excited about the opportunities that lie ahead after joining forces with dev.al," said Eno Kotmilo, CEO of Rubicon. "This partnership not only strengthens our position in the market but also allows us to offer more comprehensive solutions to our clients. Together, we are well-positioned to lead the way in shaping the future of electronic payments in Albania and beyond."
For more information about dev.al and Rubicon, please visit dev.al and pago.al.
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