Qlub, a leading QR-based contactless payment solution for restaurants, has secured $30 million in a funding round co-led by Shorooq Partners and Cherry Ventures, with participation from e&, Mubadala Investments, and Legend Capital.
Founded in 2021 by Eyad Alkassar and Mahmoud Fouz, Qlub enables diners to view menus, place orders, and pay bills seamlessly via smartphones, eliminating physical menus and traditional payment methods. This boosts operational efficiency for restaurants while providing a frictionless experience for customers.
The platform currently operates across the UAE, Saudi Arabia, Singapore, Hong Kong, Australia, Brazil, Qatar, Kuwait, and Korea, processing billions of dollars annually and serving millions of customers monthly.
Clients report a 300% increase in tips, 80% faster checkout times, and significant labor savings.
Eyad Alkassar, Co-Founder and Co-CEO, stated:
“Our vision is simple: Qlub makes paying at restaurants ten times faster—and that elevates the entire dining experience. Why would any restaurant, anywhere in the world, choose to operate without it?”
