Qlub, the Dubai-based smart payment platform for restaurants, has announced the successful raise of $30 million in its latest funding round aimed at accelerating its global expansion and enhancing its platform capabilities.
The round was co-led by Shorooq Partners and Berlin-based Cherry Ventures, with participation from a distinguished group of international investors including e& capital, Endeavor, Legend Capital, and Mubadala Investment Company.
With this new funding, Qlub’s total raised capital reaches $72 million to date, reflecting strong investor confidence in the company’s vision to revolutionize in-restaurant payment experiences worldwide.
Founded in 2021 by Eyad Alkassar and Mahmoud Fouz, Qlub offers seamless, contactless payment solutions that enable diners to browse menus, place orders, and pay directly via their smartphones. The platform is currently operational in multiple markets including Saudi Arabia, the UAE, Qatar, and Kuwait, in addition to international expansions in Singapore, Hong Kong, and Brazil.
Qlub powers payment experiences for global hospitality brands such as Paul Café, Sushi Samba, Wagamama, and La Petite Maison (LPM), processing billions of dollars in annual transactions.
The company plans to utilize the fresh capital to:
Enter new international markets
Strengthen its footprint in existing regions
Advance its platform with enhanced data analytics and intelligence
This funding milestone comes amid a surge in startup activity across the Middle East. According to MAGNiTT, startups in the region raised approximately $1.35 billion in the first half of the year, with Saudi Arabia and the UAE leading the way.
About Qlub
Qlub is a smart payment platform for restaurants, enabling guests to view and pay their bills in seconds with a single tap. The solution integrates seamlessly with POS systems and is proven to increase tips, boost revenue, and enhance overall dining experiences.
