Qlub, a Dubai, UAE-based fintech firm providing a cost system in eating places, raised $30M in funding.
The spherical was led by Shorooq, and Cherry Ventures, with participation from strategic companions together with e&, Mubadala Investments, and Legend Capital.
The corporate intends to make use of the funds to:
- Increase its presence in present markets and enter new areas.
- Improve its product choices by integrating superior analytics and insights to offer eating places with a deeper understanding of buyer conduct and preferences.
- Strengthen partnerships with key gamers within the hospitality and expertise sectors to drive additional innovation and adoption of contactless cost options.
Based in 2021 by Eyad Alkassar and Mahmoud Fouz, Qlub is a fintech firm which specializes within the contactless cost area, providing QR-based options that permit diners to view menus, place orders, and settle payments utilizing their smartphones. By eliminating the necessity for bodily menus and conventional cost strategies, it enhances operational effectivity for eating places and supplies a greater expertise for purchasers.
The corporate operates in UAE, Saudi Arabia, Singapore, Hong Kong, Australia, Brazil, Qatar, Kuwait, and Korea.
Shoppers embrace Paul Cafe, Wagamama, Sushi Samba, and La Petite Maison (LPM).
In 2021, Qlub secured a $25M funding spherical, led by Cherry Ventures and Level 9, with participation from STV, Raed Ventures, Heartcore, Shorooq Companions and FinTech Collective.
FinSMEs
22/07/2025
