Qlub, a restaurant payments startup based in the UAE, has raised $30 million in new funding.
The funding round included support from both local and international investors, including the Mubadala Investment Fund.
The funding round was led by Shorouk and Cherry Ventures, with support from e& Group and China’s Legend Capital.
With this, Qlub has now raised a total of $72 million since it started.
Qlub said it will use the new funding to grow into new markets and strengthen its presence in the countries where it already operates.
The company also plans to improve its technology by adding advanced data tools to make the user experience better and help restaurants run more efficiently.
Qlub was started in 2021 by Eyad Alkassar and Mahmoud Fawz.
The company helps restaurants by offering contactless payment solutions, so customers can see menus, order food, and pay using their phones without needing to download an app.
Qlub works in many countries in the Middle East, like the UAE, Saudi Arabia, Qatar, and Kuwait. It has also grown to other countries like Singapore, Hong Kong, and Brazil.
