Dubai-Based Qlub Raises $30 Million to Expand App-Free Dining Payments
Founded in 2021 by Eyad Alkassar and Mahmoud Fouz, Qlub allows diners to scan a QR code at the table to view the menu, order, split the bill, and pay without needing to download an app.
Dubai-based fintech Qlub has raised $30 million in a Series B funding round to expand its contactless dining payment services across more markets. The round was co-led by Shorooq Partners and Cherry Ventures, with additional backing from strategic investors including Mubadala Investment Company, e& Capital, and existing investor Point Nine.
Founded in 2021 by Eyad Alkassar and Mahmoud Fouz, Qlub allows diners to scan a QR code at the table to view the menu, order, split the bill, and pay without needing to download an app. The service is currently live in 12 countries and used by major restaurant brands including Paul Cafe, Wagamama, and Sushi Samba.
The new capital will be used to grow Qlub’s presence in key international markets and enhance the company’s product offerings. The startup also plans to strengthen its analytics tools for restaurants and deepen integrations with existing hospitality systems.
Qlub’s platform has been credited with helping restaurants speed up checkout times by up to 80% and boost tips by as much as 300%. With this latest raise, Qlub’s total funding has reached $72 million.
