Qlub, a Dubai-based restaurant payments platform, has raised $30 million in a funding round co-led by Shorooq Partners and Germany’s Cherry Ventures, with participation from the UAE sovereign wealth fund Mubadala, UAE telecom company e&, and China’s Legend Capital.
Founded in 2021 by Eyad Alkassar and Mahmoud Fouz, Qlub enables diners to browse menus, place orders, and make payments using their smartphones, enhancing convenience and streamlining restaurant operations.
The company currently operates in the UAE, Saudi Arabia, Qatar, and Kuwait, and has expanded internationally to Singapore, Hong Kong, and Brazil. It reportedly processes billions of dollars in transactions annually.
With this round, Qlub’s total funding reaches $72 million since inception. The company plans to use the fresh capital to enter new markets, strengthen its footprint in existing ones, and enhance its platform with advanced analytics, according to Qlub.
