THE MIDDLE EAST’S
43. Qlub
Description: Payment solutions for customers in restaurants
Headquarters: U.A.E.
Date of Establishment: 2022
Founders: Eyad Alkassar, Mahmoud Fouz
Qlub enables customers to pay their bills in restaurants by scanning a QR code with their phones without an app or any registration. It also allows customers to split the bill with their friends and pay it with Apple Pay, credit card, or in installments. It currently operates in the U.A.E., Saudi Arabia, Qatar, Singapore, Australia, and Brazil. It has a network of 2,000 restaurants and serves 50,000 customers daily. In March 2023, Qlub secured $25 million in funding, bringing its total funding to $45 million. Cherry Ventures, Point Nine, STV, Raed Ventures, Shorooq Partners, and FinTech Collective are among its investors.