UAE tap-to-pay fintech Spades raises $2.5 million

Oluwajuwonlo Afolabi -

Spades, a Dubai-based fintech startup offering tap-to-pay services for dine-in restaurants has raised $2.5 million from European angel investors including Thibaud Elziere, Eduardo Ronzano and Yan Hascoet, Othmane Bohlal and Omar Benmoussa.

  • Spades is a fintech solution platform that allows customers in restaurants to use tap-to-pay services or scan bar codes for payment without having to register or download any apps.
  • The startup recorded 150 restaurant sign-up in the first week of launching and has partnered with NOLA, Couqley, Alaca and The Sum of Us among other UAE brands, the company claims.
  • The startup launched in 2021 and targets convenience payment expansion in UAE and the Arab states.