Summary:
- Qlub, a fintech company based in Dubai, raised $30M in funding led by Shorooq and Cherry Ventures.
- The company plans to expand its presence, enhance product offerings, and strengthen partnerships in the hospitality and technology sectors.
- Qlub specializes in contactless payment solutions for restaurants, offering QR-based systems to improve operational efficiency and customer experience.
Article:
Qlub Raises $30M in Funding to Expand Contactless Payment System
Qlub, a Dubai-based fintech company, recently secured $30 million in funding to bolster its innovative payment system for restaurants. The investment round was led by Shorooq and Cherry Ventures, with additional support from strategic partners like e&, Mubadala Investments, and Legend Capital.
With this new infusion of capital, Qlub aims to further its reach in existing markets and explore opportunities in new regions. The company plans to enhance its product offerings by integrating advanced analytics and insights, empowering restaurants with a deeper understanding of customer behavior and preferences.
Moreover, Qlub intends to strengthen partnerships with key players in the hospitality and technology sectors. By fostering collaboration, the company seeks to drive innovation and promote the adoption of contactless payment solutions in the industry.
Revolutionizing the Dining Experience with QR-based Solutions
Founded in 2021 by Eyad Alkassar and Mahmoud Fouz, Qlub specializes in contactless payment solutions tailored for restaurants. The company’s QR-based systems allow diners to conveniently view menus, place orders, and settle bills using their smartphones. By eliminating the need for physical menus and traditional payment methods, Qlub enhances operational efficiency for restaurants while providing a seamless and personalized experience for customers.
Currently operating in multiple countries, including the UAE, Saudi Arabia, Singapore, and Australia, Qlub counts renowned establishments like Paul Cafe, Wagamama, Sushi Samba, and La Petite Maison among its clients. The company’s commitment to innovation and customer satisfaction has positioned it as a leading player in the contactless payment space.
Notably, this funding round follows a successful $25 million investment secured by Qlub in 2021, which was led by Cherry Ventures and Point Nine. With continued support from investors and strategic partners, Qlub is poised to drive further growth and innovation in the fintech landscape.
Stay tuned for more updates on Qlub’s exciting developments in the contactless payment industry.
