UAE-based fintech startup Qlub has secured $25 million in its latest funding round to expand its platform and develop new services for restaurants and customers.
Qlub enables customers to instantly pay their restaurant bills by scanning a QR code with their phone, without requiring an app or any registration.
This speeds up table turnover, increases tips for waiters, and enhances customer loyalty. Additionally, customers can split the bill with friends and pay with Apple Pay, Credit Card, or in instalments.
The fintech startup currently operates in six countries, with over 2,000 restaurants on its platform, including notable brands such as Eataly, Paul, and Bateel.
The round was backed by existing investors and new investors, including Al Dhabi Capital and major family offices in the UAE. The funds raised will help Qlub expand further, especially in the UAE, Saudi Arabia, and Singapore.