Restaurant payment system Qlub has recently secured USD 30 million in funding. This capital will be utilized to expand the company’s operations globally.

Qlub’s Funding Round Details

This round was co-led by Shorooq and Cherry Ventures, with additional support from e&, Mubadala Investments, and Legend Capital. The funding is expected to propel Qlub towards a broader global presence while enhancing its product offerings in the hospitality sector.

Since launching operations in 2021, Qlub has focused on developing QR-based solutions that enable diners to view menus, place orders, and settle bills via their smartphones. By reducing the reliance on physical menus and traditional payment methods, Qlub aims to enhance operational efficiency for restaurants while providing a seamless experience for customers.

Currently, Qlub’s services are used by establishments in several key markets including the UAE, Saudi Arabia, Singapore, Hong Kong, Australia, Brazil, Qatar, Kuwait, and Korea. The company reports that these solutions simplify the checkout process, reduce labour costs, and decrease the need for cashiers, thereby optimizing space utilization.

The new capital will aid Qlub in expanding its reach within existing markets and entering new regions. It will also enable the integration of advanced analytics to provide restaurants with deeper insights into customer behavior and preferences. Additionally, Qlub is committed to fostering partnerships that promote the adoption of contactless payment solutions across the hospitality industry.