Qlub Bags $30M to Drive Global Expansion of Its Mobile Payment Platform

3 min
Qlub in UAE secured $30 million, led by Shorooq and Cherry Ventures.
Their mobile tech streamlines ordering and payment in restaurants without downloading an app.
Since 2021, Qlub has expanded to countries like UAE, Qatar, Brazil, and Australia.
They've raised nearly $72 million, with Cherry Ventures repeatedly backing them.
With global ambitions, Qlub's international team aims to transform the hospitality sector.
It looks like Qlub, based out of the UAE, has managed to secure a fresh investment of $30 millionāno small beans in todayās market. The funding round came together with Shorooq and Cherry Ventures leading the charge, while Mubadala, e&, and Chinaās Legend Capital threw their hats in the ring as well. Not the sort of investors you find lurking about every corner, if you ask me.
For those not in the know, Qlub offers tech solutions that allow people in restaurants to browse menus, place orders and payāall straight from their mobiles. Nothing fancy to download, just scan and youāre off. Iāve always felt that the traditional way of waiting for the bill is a bit of a faff, so itās spot on for busy diners (and, well... impatient eaters like myself).
The company has been on a real sprint since launching in 2021. Qlubās platform is now operational in a diverse list of countriesāthink UAE, Saudi, Qatar, Kuwait, Brazil, Hong Kong, Singapore, Malaysia, and Australia. Quite the world tour, isnāt it? The team says this latest bag of cash will go into beefing up their local presence and pushing for more global expansion. Makes senseāif youāre onto something hot, best not to sit on your hands.
Whatās really interesting is that this isnāt Qlubās first rodeo. They nabbed $17 million in 2022 and another $25 million last yearāboth in seed rounds, mindāso their total fundraising to date is edging close to $72 million. Cherry Ventures seems extra keen, which I reckon speaks volumes about Qlubās potential; apparently, this is the third time Cherry has led a round for them.
The founding line-up is a mix of talent from across the region and beyond: Eyad Alkassar, Dr. Mahmoud Fouz, Abdulaziz A Aljasser, Filiberto Pavan, Gizem Bodur, Ramy Omar, Oscar Bedoya Mey, Arun Sharma, Remi Hanna, John Mady, and Jeff Matsuda. Thatās not just a mouthful, but a truly international crew. Having covered the ups and downs of MENA startups for Arageek, Iāve seen how these cross-border teams can be a real ace up your sleeveādiverse backgrounds often lead to a broader perspective (and fewer blindspots).
Of course, the hospitality sector is always ripe for disruption; but to keep going at this pace, you need more than just a shiny product or well-known investors. Scaling across so many countries doesnāt half bring headaches tooādifferent rules, hungry competitors, shifting customer habits. On the flip side, with this kind of backing and their tech-first approach, Qlubās odds look decentāfor now, at least.
To sum it up, if youāre following MENAās startup scene, this oneās worth watching. Personally, Iām not a huge fan of too many apps cluttering my phone, but the āscan-pay-goā thing is hard to argue with when youāre in a rush. And believe it or not, itās the sort of simple convenience that tends to stick. Letās see if Qlub can keep their momentum rollingābecause this region could use more scale-up stories like this, and Arageek readers know just how energising that can be for the whole ecosystem.
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