UAE-based fintech startup, Qlub, has announced raising $30 million in a new round led by Shorooq and Cherry Ventures, with participation from Mubadala, e& , and Legend Capital, a Chinese investment firm.

More to Know:

• Qlub provides solutions for browsing menus, placing orders, and making payments using smartphones.
• Currently operates in the UAE, Saudi Arabia, Qatar, Kuwait, Brazil, Hong Kong, Singapore, Malaysia, Korea and Australia.
• The new funding will support regional presence and global expansion.
• Previously raised a total of $42 million in Seed; $17M in 2022 and $25M in 2023 .
• This marks the third time Cherry Ventures has led an investment round for the Qlub.
• Founded in 2021 by Eyad Alkassar, Mahmoud Fouz, Filiberto Pavan, Abdulaziz Aljasser, Rami Omar, Oscar Bedoya, Gizem Bodur, and Arun Sharma.

Related Comments:

• “From the very beginning, we saw in Qlub more than just a payments solution—we saw a new infrastructure for how hospitality should work in a digital-first world. Eyad and Mahmoud and the team have consistently proven that they can blend product innovation with deep market understanding, unlocking new behavior at the intersection of tech and experience,” noted Mahmoud Adi, Founding Partner at Shorooq. “We are proud to have backed Qlub from the earliest days, and remain committed to supporting visionary companies redefining everyday moments across emerging markets”.
• Eyad Alkassar, Co-Founder and Co-CEO of Qlub, said, “Our vision is simple: Qlub makes paying at restaurants ten times faster — and that elevates the entire dining experience.” he added, “Why would any restaurant, anywhere in the world, choose to operate without it?”
• Mahmoud Fouz, Co-Founder and co-CEO of Qlub, commented, “We’re thrilled to have the support of investors, both new and existing partners as we continue to build Qlub’s vision. We’re grateful for the confidence our investors have placed in us and excited for what lies ahead”.