October 2026
Largest Financial Services Software Public Companies in Germany
Benchmark revenue and EBITDA valuation multiples for public comps like
Msg Life, Wirecard, Rubean, B+S Banksysteme and Tick Trading Software.
 | Msg Life AG is a Germany-based company. It is a consultant and software company for the insurance and retirement savings market. It is a provider of software, advice, and cloud solutions for life insurance companies and pension fund institutions in Europe and, in particular, health insurance companies in the United States. The company's products and services include msg. Life Factory, msg.Insurance Suite, msg.Migration System, msg.Health Factory, msg.The commission, msg.Business Partner, msg.Billing, and others. Geographically, the company exports its services to the United States of America, Austria, Switzerland, Slovenia, Portugal, Spain, and Benelux. | -- | -- | $179M | $173M | 0.9x | 10.1x | ||
| Wirecard is a payment processor and financial services provider headquartered in Munich, Germany. It offered online payment acceptance, acquiring and risk management for merchants, and issued prepaid and credit cards through its own bank and card-issuing subsidiaries. The group grew from a small payment services business into a listed company with operations in Europe, Asia and the Americas, partly through the acquisition of regional processors and portfolios. Its customers were merchants, banks and card programme managers, and it earned processing fees and commissions on transaction volumes. The company was founded in 1999 and went public through the former InfoGenie. It later became insolvent after disclosing that cash balances it had reported did not exist, and its businesses were sold in separate pieces. | -- | -- | $34M | $32M | 0.0x | 0.1x | ||
| Rubean AG develops software for the highest quality and security requirements of banks and all companies that actively participate in electronic payment transactions. Rubean's latest developments in the subsidiary Smart Payment Solutions (SPS) GmbH enable a merchant point-of-sale terminal called PhonePOS as a pure smartphone app. The company's product offerings are PhonePOS, RubeanTag, DRubeans, and RubeanSign. PhonePOS is designed for mobile merchants such as street vendors, fast food stands, hair salons, and others. | $5 | -21% | $25M | $24M | 5.9x | (13.6x) | ||
| B+S Banksysteme AG develops and markets software solutions for the completion of financial transactions with banks, savings banks, and industrial enterprises. It is engaged in the creation and development of its own programs for data processing, duplication, licensing, and distribution as well as consulting for companies. The company's headquarters have been in Munich with further locations in Austria (Salzburg) and Switzerland (Canton Bern). | $2 | -15% | $13M | $12M | 0.8x | 4.2x | ||
| Tick Trading Software AG develops and distributes software packages for professional trading. The company's products are the TBMX Trading Platform, tick-TS Cloud, e-Trading Compliance Monitor, and others. tick Trading Software AG is active in the field of programming IT software; The focus here is on the programming of EDP software in the financial services segment (stock market software, trading software, etc.). In addition, it offers its customers "Software as a Service" housing and hosting of complex server systems for stock exchange trading in combination with its software solutions. | $6 | -35% | $12M | $6M | 0.6x | 1.8x | ||
| Median | $5 | -21% | $25M | $24M | 0.8x | 1.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.